July 30, 2020

CNBC: Apple is set to report earnings after the bell

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https://www.cnbc.com/2020/07/30/apple-aapl-earnings-q3-2020.html

Apple is set to report earnings after the bell

2020-07-30 00:00:00, Kif Leswing, CNBC

Content Categorization
/Business & Industrial
/News/Business News/Company News

Word Count:
379

Words/Sentence:
22

Reading Time:
2.53 min

Reading Quality:
Adept

Readability:
13th to 15th

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Stephen Lam | ReutersApple is set to report fiscal third-quarter earnings after the bell Thursday, offering a crucial update on the company's standings amid the coronavirus pandemic.

Despite widespread retail closures during the quarter, especially in the United States, Apple previously touted both work-from-home trends and strong online sales as delivering a boost to overall operations.

However, services launched last year, such as Apple TV+ and Apple News+, don't appear to have gained a lot of traction, and the company's most important service, the App Store, has drawn criticism, including during a congressional hearing Wednesday.

Tim Cook, CEO of Apple, speaks during an Apple special event at the Steve Jobs Theater in Cupertino, California, March 25, 2019.

Morgan Stanley's Katy Huberty wrote in a note last month that her firm is expecting "stable near-term" iPhone and iPad shipments, and believes that consumers are starting to feel confident buying technology again.

Keywords
business news, Business, Mobile, Stock markets, Breaking News: Earnings, Apple Inc, Breaking News: Technology, Technology, Financials, Earnings

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