#apple’s services business hits all-time record and helps lessen coronavirus impact
Illustration by Alex Castro / The Verge
Apple today reported its second quarter earnings, which showed resilient growth for the company despite the impact the COVID-19 pandemic has had on its supply chain and retail business. Apple posted revenue of $58.3 billion — good for a 1 percent increase over this time last year — and earnings per share of $2.55. Analysts had expected revenue of $53.8 billion and earnings per share of $2.23, according to Bloomberg.
“Despite COVID-19’s unprecedented global impact, we’re proud to report that Apple grew for the quarter, driven by an all-time record in services and a quarterly record for wearables,” CEO Tim Cook . “In this difficult environment, our users are depending on Apple products in renewed ways to stay…
