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Apple’s sales during the first three months of the year (the company’s second quarter of the company’s broken fiscal year) reached $ 58.3 billion. It was slightly above the expected $ 54.3 billion, according to the Bloomberg analyst compilation.
Revenue corresponded to a modest 1 percent growth compared to the same period last year.
Earnings per share were $ 2.55, compared to expected at $ 2.26.
Secure iPhone sales totaled $ 28.96 billion, which was a couple of billion less than expected. This was equivalent to a loss of income of 7%, compared to the same quarter of 2019.
Revenue from Apple services, such as Apple Music, TV and Icloud, increased 16 percent during the quarter to $ 13.3 billion.
In February of this year, Apple came out and issued a profit warning, due to temporary disruptions in iPhone production due to the eruption of the crown and uncertainty about demand in China.
Apple’s sales in China should have received a boost when the community reopened after the close due to the virus outbreak. According to Bloomberg estimates, it increased 19 percent to 2.5 million units in March.
The company’s stores in the rest of the world are currently closed because many countries have closed their communities.
The value of Apple’s shares so far this year is flat. When the report came in Thursday night, turnout rose just over 1 percent, then fell to minus 2 percent.
This article is constantly updated …
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