Apple demolished Wall Street forecasts in its fiscal third quarter, delivering revenue of $59.7 billion and earnings per diluted share of $2.58 billion. Analysts’ consensus was for revenue of…
demolished Wall Street forecasts in its fiscal third quarter, delivering revenue of $59.7 billion and earnings per diluted share of $2.58 billion.
Along with the financial results, the company said its board approved a four-for-one stock split “to make the stock more accessible to a broader base of investors,” according to the earnings release. Investors are awaiting word on a key issue facing Apple heading into its big-money quarter, October to December. Due to the pandemic, it had said it was not able to ramp up production of its forthcomingIn the quarter ending June 27, Apple’s services unit continued to post strong growth, climbing to $13.2 billion from $11.5 billion in the year-ago period.
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