Apple Posts Record Services Revenue of $13.3 Billion, Beats Lowered Wall Street Expectations

Click here to read the full article. Apple turned in better results for the first three months of 2020 than some analysts expected amid the COVID-19 crisis — including posting a record $13.3 billion in services revenue, up 17% year over year.In February, Apple warned that it expected to miss previous targets for the March quarter, citing the COVID-19 outbreak in China as disrupting iPhone manufacturing and hurting sales in the country. Then in mid-March, the tech giant said it was shuttering all its retail stores worldwide with the exception of Greater China; they remain closed.For the quarter ended March …read more

Source:: Yahoo Finance

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