Apple on Thursday announced the financial results for the third quarter of 2020, and considering the economic circumstances, they’re pretty amazing.
The company posted a revenue of $59.7 billion with a net quarterly profit of $11.25 billion. Both revenue and earnings per share were June quarter records.
The gross margin for the quarter stood at 38.0 percent, compared to 37.6 percent for Q3 2019, with international sales accounting for 60 percent of revenue. Apple also declared a quarterly dividend payment of $0.82 per share, payable on August 13 to shareholders of record as of August 10.
Apple has also announced a four-to-one stock split that will take effect for shareholders of record come August 25th, with split-adjusted trading to begin on August 31st.
The company, obviously affected by the Coronavirus pandemic, had not issued financial guidance for the quarter in its previous earnings release on April 30th, though the results were generally ahead of Wall Street’s expectations.
Apple is once again not issuing guidance for the current quarter ending in September, as considerable uncertainty surrounding the health situation’s impact remains.
Stay tuned for additional details as they become available, and a replay of the earnings call is linked below.
Via MacRumors and apple.com/investors