Apple posts a 1% rise in revenue despite the coronavirus shutting down factories and denting sales in China, as services offset lower iPhone sales
Apple Inc. reported a slight uptick in revenue for the second quarter despite the coronavirus shutting down factories and denting sales in China, as the tech giant’s growing services business offset declining iPhone sales.
The company said revenue rose 1% in its fiscal second quarter to $58.3 billion, with iPhone sales momentum stalling after Apple closed stores, first in China and later world-wide. Profit fell about 3% to $11.25 billion, or $2.55 a share.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Dettol and Lysol maker saw Q1 sales rise to $4 billion - Business InsiderThe maker of Dettol and Lysol, which hit headlines when Trump falsely said disinfectant injections could fight coronavirus, posted a huge surge in sales
Read more »
Taco Bell owner's same-store sales tumble 7% in first three months of year
Read more »
Steven Gerrard Documentary, HBO’s ‘Bleed Out’ Added to Noah Sales SlateNoah Media Group has acquired international sales rights to Lorton Entertainment’s “Make Us Dream,” the story of soccer star Steven Gerrard, produced by Oscar-winner James Gay-Rees (“Amy,” “Senna”)…
Read more »
British retailer Next says quarterly sales plunge 41%British clothing retailer Next said on Wednesday total product sales in its latest quarter crashed 41%, reflecting the closure of all its stores in the coronavirus lockdown and the temporary shutdown of its online operations.
Read more »
Samsung Elec expects second-quarter profit fall as virus hits sales of smartphones, TVsSamsung Electronics Co Ltd said on Wednesday it expected profit to decline in the current quarter due to a coronavirus-related slump in sales of smartphones and TVs, although the chip business would remain solid.
Read more »