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The net profit of the American corporation Apple in the second fiscal quarter ended March 31 reached a record 13.8 billion dollars against 11 billion dollars a year earlier. Experts had expected the figure at $13.5 billion. Revenues rose 16% year-on-year to 61.1 billion dollars, experts had forecast 60.9 billion dollars. During the earnings period, 52 million 200 thousand iPhones were sold, quarterly proceeds from their sales amounted to 38 billion dollars. In the segment of various servers, including the App Store, revenue growth was 31%. The increase in revenue was recorded in all geographical segments.
On Friday, Caterpillar Inc (CAT.N) announced a lower second-quarter profit because of the recession caused by the coronavirus outbreak. The decline was due to lower sales volume and changes in dealer inventories. During the second quarter ...
Asian shares recorded a turbulent session on Friday as weak economic data from the United States and surging coronavirus infections worldwide dragged market confidence. The decline followed despite upbeat U.S. tech gains and signs of rebound ...
European shares traded lower earlier on Thursday after underwhelming earnings reports dampened a U.S. Fed vow to continue rolling out stimulus plans in a bid to soften the economic blow of the COVID-19 pandemic. The pan-European STOXX lost ...
European stocks traded slightly higher on Tuesday ahead of a U.S. decision to roll out additional stimulus plans despite the underwhelming quarterly earnings reports from the luxury goods market. The pan-European STOXX index inched higher ...
On Friday, Axios Media Inc. reported a document acquired by tech watchdog group Tech Transparency Project which indicates that multiple U.S. states were investigating Apple (AAPL) due to deceptive trade practices. According to the report, ...
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