Technology
Apple delivers blowout earnings, strong iPhone revenue – The Australian Financial Review
The California-based company posted iPhone revenues of $US26.42 billion ($36.5 billion), $US4 billion above analyst expectations. And a 4-for-1 stock split.
In an interview with Reuters, CEO Tim Cook said that after disruptions in April, sales began to pick back up in May and June, helped by what he called a “strong” launch for the $US399 iPhone SE introduced in April.
“I think the economic stimulus that was in place – and I’m not just focused on the US, but more broadly – was a help,” Cook told Reuters.
The results underscore that Apple offers devices and services that customers flocked to despite stores re-closing in some US markets. Apple poste…
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