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Stay-at-Home Demand Drives Apple Growth

Apple noted gross sales growth throughout all its items, with iPads and Mac desktops in distinct benefiting from the change to doing the job and studying from house.

Apple’s general gross sales rose 11% in the third quarter to $fifty nine.7 billion and revenue elevated twelve% to $11.25 billion. Earnings arrived in at $2.fifty eight for every share.

Analysts experienced anticipated earnings of $2.04 for every share on $fifty two.three billion in profits.

“In unsure instances, this efficiency is a testomony to the important part our items perform in our customers’ lives and to Apple’s relentless innovation,” Apple CEO Tim Cook dinner said in a news launch.

On news of the earnings, Apple shares rose 6.4% to $409.55 in right after-hours buying and selling even even though the company also declared that its latest iPhones will be delivered slightly afterwards than standard this calendar year as the coronavirus disrupts world

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