Apple smashes iPhone, revenue estimates in record third quarter
“In uncertain times, this performance is a testament to the important role our products play in our customers’ lives,” Apple Chief Executive Tim Cook said in a statement.
Apple’s cheaper iPhone SE, released in April, was also well timed for leaner economic conditions. There were also minor updates to the iPad Pro and MacBook Pro, and new accessories such as an iPad Pro keyboard with trackpad. The company plans to launch new Mac computers with its own processors, a cheaper HomePod, and a slew of new iPhones later this year.
Revenue from the iPhone was $26.4 billion, beating analysts’ expectations of $21.3 billion. IPad revenue was $6.6 billion, a strong increase from $5 billion a year earlier, while the Mac brought in $7.1 billion, another big jump from $5.8 billion in the same period of 2019.
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