Apple blames European sales and iPhone 5 rumours for missing earnings target
Q3 revenue was $35bn, $1bn less than forecast
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...
More on Finance and Reporting
Micro Focus reports $1bn loss due to economic uncertainty caused by the pandemic
The firm has been struggling since buying HPE's software business in 2017
Apple reports slight increase in fiscal 2020 second quarter revenue amid global economic crisis
But iPhone sales dipped nearly 7 per cent from a year ago
Microsoft reports strong third-quarter results, beating analysts' pre-coronavirus expectations
Q3 2020 profit of $10.75 billion is up 22 per cent from the same period last year
Kickstarter plans layoffs as Covid-19 crisis bites
Cuts due to a lack of new projects and investors being more cautious
Back to Top
