Apple ended a favorable third quarter even without its new iPhones

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We have already seen that in terms of distribution of smartphones Apple It has lagged behind Xiaomi and, for the first time in many years, it has not integrated the world top 3 in this statistic. But even with that misstep, Apple reports record numbers at the end of the third quarter in terms of revenue.

In terms of finances for Apple it is its fourth quarter and not its third, understanding that the last quarter of each year is the first for the company with the forbidden apple since it is when the sale and distribution of its new iPhone usually takes center stage. But, generally speaking, we are talking about the third quarter of 2020.

Remarkable growth is expected from Apple at the end of the last quarter of 2020

As of September 26, 2020, Apple reports that its revenue was approximately $ 64.7 billion. That is, a year-on-year growth of 1% but, even with such modest growth, it is enough for Apple to announce record figures in what is historically supposed to have been the company’s weakest quarter.

Earnings, on the other hand, have suffered a decline. They were for a value of 12.7 billion dollars, which implies a year-on-year drop in earnings of approximately 7.3%. However, it should not be forgotten that this quarter did not have the iPhone 12 to his credit for the delays that the COVID-19 crisis imposed.

But even with these difficulties Apple has reported record quarterly growth in India after devices that were destined for that market were met with particular popularity. Although, to be completely honest, these smartphones were presented at the end of September and they may not have managed to influence this balance.

Apple reports record numbers at the end of the third quarter and the numbers for the next quarter are expected to be vastly higher and will be even higher the following quarter.

That’s because although the fourth quarter of 2020 will feature the launch of the iPhone 12, iPhone 12 Pro, iPhone 12 Mini Y iPhone 12 Pro Max the first two will enter the market from the fourth week and the second two from the eighth.

Source: Apple

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