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Apple’s first coronavirus-impacted quarter isn’t great but it’s not terrible either

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<p>As one of the first companies to publicly acknowledge that the coronavirus pandemic was going to have a serious impact on its earnings, all eyes have been on how Apple and the iPhone would fare in its second quarter of 2020. The <a href="https://www.apple.com/newsroom/2020/04/apple-reports-second-quarter-results/" rel="nofollow">results are in[/url] and they’re not terrible. While the iPhone, iPad, and Mac all suffered year-over-year declines, Apple actually grew slightly when compared to the same quarter last year (https://www.macworld.com/article/3391393/apple-q2-2019-results-iphone-ipad-services-wearables.html).</p><p>In the quarter ending March 31, Apple posted quarterly revenue of $58.3 billion, an increase of 1 percent from the year-ago quarter (https://www.macworld.com/article/3391393/apple-q2-2019-results-iphone-ipad-services-wearables.html), when the company earned $58 billion. Most of the boost was due to an increase in the Wearables and Services categories, both of which posted new records. Here’s how the product lines break down:</p><p class="jumpTag"><a href="/article/3541708/apple-s-first-coronavirus-impacted-quarter-isn-t-great-but-it-s-not-terrible-either.html#jump">To read this article in full, please click here[/url]</p></section></article>

Source: Apple’s first coronavirus-impacted quarter isn’t great but it’s not terrible either (https://www.macworld.com/article/3541708/apple-s-first-coronavirus-impacted-quarter-isn-t-great-but-it-s-not-terrible-either.html#tk.rss_all)