Apple on Thursday delivered blowout quarterly results, reporting revenue gains across every category and in every geography as consumers working and learning from home during the COVID-19 pandemic turned to its products and services.
The fiscal third-quarter results, which included iPhone sales some $4 billion (roughly Rs. 29,900 crores) above analyst expectations, came on the same day that US gross domestic product collapsed at a 32.9 percent annualised rate last quarter, the nation’s worst economic performance since the Great Depression.
Apple Chief Financial Officer Luca Maestri also confirmed supply chain rumblings that the new lineup of iPhones, usually released in late September, would face delays of a few weeks.
But executives predicted continued strong performance from the company’s products.