Apple has blamed its European sales and iPhone 5 rumours for missing its forecasted Q3 profits by $1bn (£650m). The company posted quarterly revenue of $35bn (£22.5bn) and quarterly net profit of $8.8bn...
But iPhone sales dipped nearly 7 per cent from a year ago
Q3 2020 profit of $10.75 billion is up 22 per cent from the same period last year
Cuts due to a lack of new projects and investors being more cautious
The company says the health crisis has slowed production and lowered demand for iPhones
The company posted revenues of $87.4bn for Q4 2019, with AWS up 34 per cent