Apple impressed investors last night with strong quarterly earnings, reporting its best June quarter ever, despite the global economic uncertainty as the COVID-19 pandemic continues to disrupt daily life worldwide.
AAPL stock opened today at ~$409, a new all-time high for the company, and up 6.5% from market close yesterday. Apple made headlines in August 2018 for becoming the first public company to hit $1 trillion market cap, and it is now well on its way to becoming the first public company to cross the $2 trillion mark.
In the just-gone fiscal third quarter, Apple announced $11.2 billion profit on $59.7 billion in revenue. Although Apple does not report unit sales, revenues for each of its major hardware categories were up year-over-year.
iPhone revenue increased 1.6%, following a couple quarters of decline. Mac revenue rose 21.6%, while iPad revenue increased 31%. The Wearables, Home and Accessories division was up 16%, which includes Apple Watch and AirPods sales.
Read more at 9to5Mac.com