Technology giant Apple reported $58.3 billion in revenue for its second fiscal quarter on Thursday, indicating a one-per-cent increase in revenue compared with last year, thus beating wide-spread analyst projections.
“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,” Apple CEO Tim Cook said.
Purchases of Apple services, including application purchases, iCloud storage, Apple TV and Apple Music subscriptions, rose from $11.5 billion to $13.3 billion, versus the same period last year.
Meanwhile, revenue from so-called wearables, including Apple Watch and AirPods rose from $5.1 billion to $6.3 billion.
The iPhone remains the company’s cash cow at $29 billion in sales revenue, a nearly $2.1-billion decrease from the 2019 second fiscal quarter.
