Apple says next iPhones will launch later than usual
01 August, 2020, 14:07
"As you know, past year we started selling new iPhones in late September", Maestri said.
Apple today reported extremely strong third quarter earnings, offering another look at how the company is shaking off the toll the COVID-19 pandemic is taking on its business. Many technology news websites were quick to say that Apple iPhone 12 was "delayed".
It has previously been suggested that Apple will issue four versions of the iPhone this year - the 12, 12 Max, 12 Pro and 12 Pro Max, with screen sizes of 5.4, 6.1, 6.1 and 6.7 inches, respectively.
Other major tech companies, including Amazon and Facebook, also posted soaring results that topped Wall Street targets, sending their shares up. Shares soared past US$400 for the first time yesterday, though they had been proportionally higher before a 7-for-1 split in 2014.
For the three months ended June 27, the US handset giant posted 11% year-over-year total revenue growth to $59.7 billion, a record for a June quarter. And services grew from $11.5 billion to $13.1 billion. "There's clearly some amount of work from home and remote learning that affects the results of Mac and iPad positively", he said. The company said it has more than 550 million paid subscriptions and is on track to reach 600 million by year-end.
Why it matters: The move means some revenue that typically comes at the end of September won't come until the final quarter of the year, but also reassures investors and customers that the delay won't be longer. It represents the company's third fiscal quarter of 2020.
Sales in the wearables segment that includes the Apple Watch rose 16.7 per cent to US$6.45 billion, compared with estimates of US$6.0 billion. The iPhone is still, by far, Apple's biggest business, and it now represents 44 percent of its total revenues. Similar to last quarter's performance, the App Store, Apple Music, Cloud Services, along with increased use of apps like iMessage, Siri, and FaceTime, helped contribute to the increase in revenue.
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