Apple’s Sales Rise in Pandemic, but Pressure Remains for Breakout Holiday Season
Apple Inc. benefited from a significant uptick in sales of laptops and iPads due to the pandemic, even as quarterly iPhone sales fell from a year earlier after a delay in the launch of the company’s flagship new smartphone. Shares fell by more than 5% in after-hours trading after the Cupertino, Calif.-company reported Thursday that
Apple Inc. benefited from a significant uptick in sales of laptops and iPads due to the pandemic, even as quarterly iPhone sales fell from a year earlier after a delay in the launch of the company’s flagship new smartphone.
Shares fell by more than 5% in after-hours trading after the Cupertino, Calif.-company reported Thursday that iPhone revenue fell 21% in the quarter that ended in September, worse than analysts had expected. Apple executives linked a 29% drop in China sales to the delay in bringing out the iPhone 12 to…