“Last year, we started selling iPhones in late September. This year, we expect the phones to be available after a few weeks,” the company’s chief financial officer, Luca Maestri, said in a phone call to discuss the results for the third quarter of the fiscal year.
Maestri said that Apple will not release revenue forecasts again for the next quarter, “in light of the uncertainty the world is witnessing in the short term”>
Despite the difficult economic conditions caused by the Corona pandemic, the company continues to collect profits, as Apple announced revenue of $ 59.7 billion in the 3 months to June, an increase of 11% over the same period last year.
The huge profits for the most important company in America come at a time when the country’s economy is suffering from its first recession in more than a decade, as figures released recently showed that US gross domestic product contracted by 32.9% between April and June, its worst recorded decline Absolutely.