Apple beats expectations, reports $59.7B revenue in the third quarter and a 4-1 stock split

Today, Apple announced earnings for its third fiscal quarter of 2020, which ended at the end of June. The company beat expectations with $59.7 billion in revenue, an 11% increase over the same quarter last year.

"Apple's record June quarter was driven by double-digit growth in both Products and Services and growth in each of our geographic segments," said Tim Cook, Apple’s CEO. "In uncertain times, this performance is a testament to the important role our products play in our customers’ lives and to Apple’s relentless innovation. This is a challenging moment for our communities, and, from Apple’s new $100 million Racial Equity and Justice Initiative to a new commitment to be carbon neutral by 2030, we’re living the principle that what we make and do should create opportunity and leave the world better than we found it."

Obviously, the biggest chunk of the revenue pie goes to iPhone sales, which brought in $26.418B in sales. Behind that is actually services with $13.156B in revenue. That's followed by the rest of Apple's hardware categories, including $7.079B in Mac revenue, $6.582B in iPad revenue, and $6.45B in wearables, home, and accessories revenue.

Apple also broke down its revenue by region. $27.018B came from North America, $14.173B came from Europe, $9.329B came from Greater China, $4.966B came from Japan, and $4.199B came from the rest of Asia Pacific.

Apple is offering a $0,82 per share dividend on August 13 to anyone that owns the stock on August 10. On August 24, Apple's stock will split four to one, meaning that for every share that you own, you'll have three more.

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