Apple beats Wall Street’s revenue expectations for Q4 even without help from the iPhone 12

  • Date: 30-Oct-2020
  • Source: Business Insider
  • Sector:Economy
  • Country:GCC
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Apple beats Wall Street’s revenue expectations for Q4 even without help from the iPhone 12

Apple beat revenue expectations for its fiscal fourth quarter even without the boost it typically gets from early sales of its new iPhones. 

Analysts will be looking for any clues about how the iPhone 12 is performing during the company's earnings call.

First weekend iPhone sales usually give the company a boost in the September quarter earnings, but the iPhone 12 launched later than usual because of the COVID-19 pandemic, and will not be included in Apple's latest-quarter reporting.

iPhone sales fell slightly short of expectations, but divisions like wearables and services saw significant growth.

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Apple beat revenue expectations for its fiscal fourth quarter, even without the boost it typically gets from initial sales of its new iPhones.

Here's a look at the key numbers. Analyst estimates are