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Apple’s quarterly earnings report sets a new record

This week, Apple revealed its quarterly earnings report, rubbing in just how much money the company makes once again. This time around, results show that Apple’s revenue is up by 11 percent, while the company also set a new ‘June quarter record’ for earnings per share. 

Apple has the highest revenue and has the greatest profits of all electronic companies in the world, so it’s easy to say that when Apple releases its financial results it usually draws a lot of people’s attention. This time around Apple posted a quarterly revenue of $59.7 billion, which represents an increase of 11 percent YoY.

“Apple’s record June quarter was driven by double-digit growth in both Products and Services and growth in each of our geographic segments,” said Tim Cook, Apple’s CEO. “In uncertain times, this performance is a testament to the important role our products play in our customers’ lives and to Apple’s relentless innovation.”

KitGuru Says: It’s difficult to deny Apple’s success. Even in difficult times like these, when Apple has had to close down many of its stores due to the pandemic, the company still has been able to grow its revenue. What do you think is the secret behind the company’s success?

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