The pandemic has been very good business for Apple
Apple has pandemic work-from-home orders and stimulus checks to thank for setting new all-time sales records across a number of its product categories.
Starting with the iPhone, which saw a decrease in sales last quarter, Apple revealed revenue for that product category grew by two percent during the third quarter.
"In April, we expected year-over-year performance to worsen, but we saw better than expected demand in May and June," said CEO Tim Cook during the company's earnings call. "We attribute this increase in demand to several interactive causes, including a strong iPhone SE launch, continued economic stimulus, and potentially some benefit from shelter-in-place restrictions lifting around the world," he explained. Read more...
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The pandemic has been very good business for Apple
Reviewed by mimisabreena
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Friday, July 31, 2020
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Reviewed by mimisabreena
on
Friday, July 31, 2020
Rating:
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