Earnings season is upon us and, per usual, all eyes in the tech world are laser-focused on Apple's Q3 earnings report. A short while ago, Apple posted its earnings results for the June quarter and delivered $81.43 billion in revenue and EPS of $1.3. Of that figure, Apple posted a profit of $21.7 billion for the quarter. Notably, analysts were anticipating revenue in the $72.9 billion range for the quarter. As a point of reference, Apple during the June quarter of 2020 posted revenue of $59.7 billion, a quarterly profit of $11.25 billion, and split-adjusted EPS of $2.58.
Impressively, and somewhat surprisingly, Apple's bottom line wasn't impacted by the COVID-19 pandemic in a meaningful way. If anything, Apple saw its revenue skyrocket over the past 12-15 months. This can be attributed to a strong product lineup along with remote workers purchasing new iPad and Macs en masse.
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Apple posts Q3 earnings and delivers monster quarter with $81.43 billion in revenue originally appeared on BGR.com on Tue, 27 Jul 2021 at 16:31:26 EDT. Please see our terms for use of feeds.
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