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Apple with record earnings, but iPhone 12 is delayed

Contrary to all analyst expectations, the corona crisis has left hardly any traces at Apple. Revenue climbed eleven percent to $ 59.7 billion in the past quarter. All product areas grew. In particular, sales of Macs, but also iPads and the Apple Watch rose sharply. Profits increased twelve percent to $ 11.25 billion.

iPhone sales at $ 26.4 billion

The numbers exceeded analysts’ expectations. The stock gained around five percent in after-hours trading on Thursday, trading above the $ 400 mark for the first time. Apple announced a 4-to-1 stock split to make the stock more affordable. Each shareholder who previously owns one share would then have four shares in the future.

Among other things, the iPhone business performed significantly better than many market observers expected. Apple increased sales of its key product by almost 1.7 percent to $ 26.4 billion. Analysts had expected iPhone sales to be as low as $ 21 billion.

iPhone 12 doesn’t come until October

Despite all this positive news, there was also a little bad news for the Apple community. So the new iPhone will be delayed this year. Instead of the traditional September date, the iPhone 12, which is said to be 5G-capable, “will be delayed by a few weeks”, as CFO Luca Maestri confirmed on Friday night.

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