Technology giant Apple reported 58.3 billion dollars in revenue for its second fiscal quarter on Thursday, indicating a 1-per-cent increase in revenue compared with last year, thus beating wide-spread analyst projections.
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“Despite COVID-19’s unprecedented global impact, we’re proud to report that it grew for the quarter, driven by an all-time record in Services and a quarterly record for Wearables,” Apple CEO Tim Cook said.
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Purchases of Apple services, including application purchases, iCloud storage, Apple TV and Apple Music subscriptions, rose from 11.5 to 13.3 billion dollars, versus the same period last year.
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Meanwhile, revenue from so-called wearables, including Apple Watch and AirPods rose from 5.1 to 6.3 billion dollars.
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The iPhone remains the company’s cash cow at 29 billion dollars in sales revenue, a nearly 2.1-billion-dollar decrease from the 2019 second fiscal quarter. (dpa/NAN)
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