Sales of iPhones fell 7% last quarter as the coronavirus outbreak turned a must-have gadget into a can-probably-wait. But even a bruised Apple should bounce back, writes rob_cyran.
Apple, on April 30, reported revenue of $58.3 billion for the quarter ending March 28, an increase of 1% from the same period last year. The company earned $11.3 billion, or $2.
55 per share, compared to $11.6 billion, or $2.46 per share a year ago.On Feb. 17, Apple rescinded guidance for the quarter ending March 30 because of slowing iPhone production and lower demand in China due to the Covid-19 pandemic.
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