Apple , a technology caller you may remember from such hits as the iPhone , iPad , Mac , AirPods , and Apple Watch , has announced that it require to remain in business through 2020 .
While the fiscal fate of the companionship appear trace - and - go for a minute due to retail store stoppage and supply chain kerfuffle , Apple has not actually pass out of money yet , and may still be when theiPhone 12launches this fall .
The companionship made a paltry $ 11.2 billion lucre on $ 58.3 billion in revenue during thesecond quarter of the fiscal class , which would normally signal that bankruptcy is just around the corner . But these are not normal times . As you may have heard , we are hold up through a global pandemic that shut down China , where many of the factories where Apple components are made and its gimmick assembled , for much of the second quarter . China is also one of Apple ’s biggest markets , and its retail stock were close .
Apple stores in the U.S. remain closed, but Apple is still making billions.Photo: Getty Images
But despite a rough February , production was back to normal by the death of March and Apple depot in China are opened again . Even in the U.S. , where store are still close and Apple has taken a bang in AppleCare gross ( because no one can take their equipment in to be quicken ) , people are still buy Apple mathematical product and subscribing to Apple overhaul . ( Apple CEO Tim Cook said retail employee are still getting paid , despite the store closures . )
company and city agencies have locate bulk orders of iPads and Macs to help employee work from home more well . Everyone else has been corrupt devices and spending a shit - ton of money in the App Store to pass the time inside . Apple inspection and repair set a gross record of $ 13.3 billion in the March quarter . Cook said FaceTime and Messages set all - time records for day-to-day intensity in Q2 , because we are all so , so , so rottenly world-weary .
Apple did n’t just narrowly avoid fiscal collapse this fourth part . The company also doubled down on its efforts to assist with efforts to battle the spread of coronavirus : distributing 7.5 million grimace masks ; creating a covid-19 symptom - checking app that was download 2 million times ; and partnering with Google to modernise anexposure - tracking APIthat will allow public wellness app developers to alert substance abuser when they ’ve come in in contact with someone infected with covid-19 . That API is presently in beta .
“ When you look at all the style covid-19 has touched Apple , its customers and the way we crop , this may not have been the fourth part it could have been , but I ca n’t recollect a quarter where I ’ve been prouder of what we do or how we do it , ” Cook articulate .
orchard apple tree survives to fight another day .
But in all earnestness , the Cupertino technical school company is just another giant corporation making million of dollars during a really uncanny time . But , hey , it couldprobably be worse .
Apple
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