Apple reports strong Mac and iPad sales in record-breaking Q3 earnings
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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. Analysts had been expecting around $52.3 billion in revenue and earnings per share of $2.07, but Apple crushed those predictions with $59.7 billion in revenue — up 11 percent from last year’s third quarter — and EPS of $2.58, up 18 percent. The company announced a four-for-one stock split alongside the earnings, saying that “each Apple shareholder of record at the close of business on August 24th, 2020 will receive three additional shares for every share held on the record date.”
As has become the norm, Apple’s services and wearables divisions performed strongly....