Friday, 07 August, 2020

Apple's Q3'20 revenues hit record high of $59.7 billion

New iPad 2020 Concept Images 2 Credit Svet Apple SK
Cecil Davis | 02 August, 2020, 14:27

Apple's Board of Directors has also declared a cash dividend of 0.82 dollar per share of the company's common stock. "In fact, one can make the case that the Mac and iPad are essentially benefiting nicely owing to the operate from house and distance discovering traits".

SEE ALSO: Magic Keyboard review: Is this the iPad Pro's missing piece? That has likely only helped the already-high demand for computers and tablets as remote work continues on for so many people. As much as it does not reveal the number of units sold, iPhone sales totaled U.S. $ 26.42 billion.

Interesting note: Apple paid more in taxes last year than it did this year, despite making more money. An earlier rumour had hinted that the company will shift the release date for the models from the usual September release date. In 2017, the iPhone X got delayed to November due to production issues, while the iPhone XR in 2018 shipped in October after the XS and XS Max in the month prior.

The comments are a rare public admission from Apple.

Apple reportedly acquires startup that could flip iPhones into payment terminals
Apple has acquired a startup with technological know-how that could switch iPhones into mobile payment terminals, Bloomberg noted. Apple often acquires smaller companies so that it can turn their proprietary technology into features of its own products.

J.P. Morgan's Samik Chatterjee wrote that Apple "surprised even bullish expectations heading into F3Q/C2Q earnings by barely missing a conquer", and he was upbeat about management's tone in searching at the latest quarter.

This time, there's the whole covid-19 problem, which has screwed over pretty much everyone - loads of Apple stores are still resolutely closed, including some that had previously reopened. "And yeah I do, I do think that we can, we can have a strong bounce-back" Cook told FOX Business' Susan Li. The company said it has more than 550 million paid subscriptions and is on track to reach 600 million by year-end. Maestri doesn't point out when precisely the iPhone 12s will probably be introduced, so we'll should maintain an eye fixed out for the official announcement. Cook had a more triumphant tone today.

"In uncertain times, this performance is a testament to the important role our products play in our customers' lives and to Apple's relentless innovation", said Mr Cook.