Behind Apple’s success, besides its basic products like iPhone, wearable devices such as Apple TV Plus and AirPods are located. Stating that these sectors achieved record earnings in the first quarter of 2020, Cook thinks that the company will be more affected in the second half of 2020.
Apple made a $ 2.55 profit per share over the $ 58.3 billion sale in the first quarter ended March 28. This result is more than $ 58 billion in sales and $ 2.46 per share in the same period last year. Apple also managed to surpass the predictions of Yahoo analysts. Analysts thought Apple’s earnings in the first quarter of 2020 would be limited to $ 2.28 per share, with sales of $ 54.7 billion.
One of the countries most affected by the coronavirus pandemic period is the USA. The country shrunk by about 5 percent between January and March. We can say that Apple had a good process while more than 30 million Americans applied for unemployment. The company did not experience a big decrease in the pandemic process thanks to its different product ranges. Apple’s market value has now reached $ 1.3 trillion.
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