On Wednesday, Cook faced questions from USA lawmakers about Apple's practices related to the store, which have come under fire from independent app developers who say its rules and unpredictable approval process put them at a disadvantage against the iPhone maker. All of this on top of a surprisingly record-breaking quarter and a stock split.
Other major tech companies, including Amazon and Facebook, also posted soaring results that topped Wall Street targets, sending their shares up.
Apple Inc on Thursday delivered blowout quarterly results, reporting year-on-year revenue gains across every category and in every geography as consumers working and learning from home during the COVID-19 pandemic turned to its products and services.
"As you know, a year ago we started selling new iPhones in late September", Maestri said. The company will give investors three additional shares of Apple for each share they own as of August 24, and trading will begin on a split-adjusted basis on August 31.
For some time now we've been hearing rumors in regards to a delay this season in the beginning of shipments of the upcoming iPhone 12 family, compared to Apple's past release timelines. That's been clear from Apple's iPad and iPhone strategy for some time - and now it hopes to bring the same benefits to the Mac. That was up 11 per cent from a year earlier and smashed analysts' estimates of US$52.3 billion, according to data compiled by Bloomberg. A $399 starting price point makes the iPhone SE an attractive new device, especially in the face of continued economic uncertainty in many markets. And the less expensive second generation Apple iphone SE also assisted the organization.
Tim Cook, chief executive of Apple, testifies remotely through videoconference during a United States congressional hearing in Washington on Wednesday. "We're making the decision store by store county by county depending upon local conditions" Cook said.