Ford Motor Company (NYSE: F) today announced its second quarter financial results for the period ended June 30, 2020. Analysts had predicted Q3 iPhone revenue would come in at just $22 billion.
Apple reported sales growth across all its products, with iPads and Mac computers in particular benefiting from the shift to working and learning from home.
(Pocket-lint) - Apple chief Tim Cook says the transition of Macs from Intel to Apple Silicon will mean the company can make products it "couldn't achieve otherwise". Then, the following year, the apple iphone XR was launched a month after the iPhone XS and also XS Max hit racks.
We don't know the timing of a release for the MacBook Air, but the Apple Silicon version is expected before the end of the year. He said Apple isn't giving fiscal fourth-quarter guidance due to the ongoing uncertainty. They revealed recently that any increase in revenue will not be felt until next quarter due to the delays tied to the major 5G flagship.
Interesting note: Apple paid more in taxes last year than it did this year, despite making more money. Remarkably, this was an 11 percent increase in revenue for the company compared to Q3 2019, with 60 percent of that money coming from global sales.
Apple's earnings report comes one day after Cook testified alongside fellow Big Tech executives Jeff Bezos, Sundar Pichai, and Mark Zuckerberg as lawmakers continue to investigate potential antitrust violations and whether the massive companies now wield too much power.
While Cook emphasized that the iPhone 11 is still the company's most popular phone, he noted that iPhone SE's "smaller form factor and an incredible, affordable price" helped boost revenue results. The virus has also paused production of Apple TV+ shows shot in Los Angeles, the CEO added.