Apple today announced financial results for its fiscal 2020 third quarter ended June 27, 2020. The Company posted quarterly revenue of $59.7 billion, an increase of 11 percent from the year-ago quarter, and quarterly earnings per diluted share of $2.58, up 18 percent. International sales accounted for 60 percent of the quarter’s revenue. “Apple’s record June quarter was driven by double-digit growth in both Products and Services and growth in each of our geographic segments,” said Tim Cook, Apple’s CEO. “In uncertain times, this performance is a testament to the important role our products play in our customers’ ... (full story)

Apple now has $193.817 billion cash on hand, according to the company’s fiscal third-quarter earnings report released Thursday. That’s up from the company’s fiscal second quarter of 2020, when the company reported a $192.8 billion cash pile. It’s down from Apple’s fiscal third quarter 2019 earnings, however, when Apple reported $210.6 billion in cash. Apple has been investing in new services, like Apple TV+ original TV shows and movies. It also spent $13.8 billion in research and development over the last 9 months, according to its earnings report. Apple has continuously hosted one of the largest cash piles among ... (full story)