The impelling demand for Apple services in the pandemic made the tech giant coast through the industry expectations. On Thursday, Apple reported USD 64.7 billion in revenue for its fourth fiscal quarter ending in September.
The virus-ridden world has made many people work from home, sales of Mac and iPad rose 29% and 46% respectively. "September was an all-time high for Mac in the history of the company.
And not by little bit-by USD 1.6 billion," Tim Cook, Chief executive told analysts. The massive disappointment of the report was the 21% fall in iPhone sales. The tech giant's most crucial region of Greater China recorded a revenue fall of 29% to USD 7.9 billion, the lowest in several years.
Apple's shares fell by 5% after-hours trading, as Wall Street eagerly waits for a projection of the holiday quarter. The fiscal report of the company exhibits the growing diversity of Apple products across the globe, not just sustaining on iPhone sales.