Apple posts Q3 earnings and delivers a record-breaking $59.7 billion in revenue

[Yoni Heisler]

• In a quarter overshadowed by the coronavirus, Apple posted a monster quarter with $59.7 billion in revenue.
• EPS for the quarter checked in at $2.58, compared to $2.07 in the same quarter a year-ago.
• Apple also announced a 4-1 stock split that will go into effect in late August.

Apple this afternoon posted its earnings report for the June quarter and delivered $59.7 billion in revenue, a quarterly profit of $11.25 billion, and EPS of $2.58. As a point of comparison, Apple during the same quarter a year-ago posted revenue of $53.8 billion, a quarterly profit of $10 billion, and EPS of $2.18. Ahead of Apple's earnings, analysts were anticipating revenue to fall somewhere in the $52 billion range and EPS to check in at around $2.07.

Suffice it to say, Apple delivered a monster and record-breaking quarter in the midst of a global pandemic that saw many of its retail stores closed for weeks on end.

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Apple posts Q3 earnings and delivers a record-breaking $59.7 billion in revenue originally appeared on BGR.com on Thu, 30 Jul 2020 at 16:33:06 EDT. Please see our terms for use of feeds.

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