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Old 3rd August 2020, 04:48   #1
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Default Apple makes more cash than expected

Confirms more product delays

While the fruity cargo cult Apple had supply problems due to the COVID-19 pandemic, its bottom line was boosted by people suddenly needing gear to work from home.

The fiscal third-quarter results were $4 billion above what the cocaine nose jobs of Wall Street expected, came on the same day that US gross domestic product collapsed at 32.9 percent in the nation’s worst economic performance since the Great Depression.

In the mind of the Tame Apple Press, this news was much more important than the fact Apple is continuing to have supply chain issues and cannot release its new lineup of iPhones, usually published in late September.

More than 60 percent of Apple’s sales coming from international markets, iPhone revenues of $26.42 billion, $4 billion above analyst expectations, according to IBES data from Refinitiv.
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