Apple Smashes Revenue, iPhone Estimates in Record Third Quarter
- Company plans 4-for-1 stock split, gives no forecast
- Next iPhone launch to be delayed by a few weeks, CFO says
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Apple Inc. reported quarterly revenue that crushed Wall Street forecasts after locked down consumers snapped up new iPhones, iPads and Mac computers to stay connected during the pandemic. The stock jumped as much as 6.3% in extended trading.
The world’s largest technology company also announced a four-for-one stock split after its shares surged more than 80% in the past year, and confirmed that the next iPhones will launch a “few weeks later” than usual.