4 things we learned from Apple’s bombastic earnings call

Despite the coronavirus pandemic, big tech companies haven’t stopped making massive piles of money. Apple announced its earnings for the April-June time period last night, and the $2 trillion company had another record quarter on its books. Here’s what we learned from it: 1. This was Apple’s most profitable spring quarter What’s an Apple quarterly result with the words “the most profitable quarter ever” in some context? Apple earned $81.6 billion in revenue (up 36% year-on-year), and recorded $21.7 billion profit. These numbers make it the most successful April-June quarter in the company’s history. 2. The iPhone 12 is a hit (and other…

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