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Apple announced revenues of $59.7 billion today for the second quarter ending June 27, representing an increase of 11% year over year as the company benefitted from “double-digit growth” in both products and services.
The return equated to a record quarter for the iPhone-maker, which also saw revenue generated by “services” such as the App, Apple Music and iCloud, topping $13.2 billion during the period. Apple executives reported that its revenue for services was growing at a rate of 15% year over year during the period, despite the economic slowdown caused by the Covid-19 pandemic negatively impacting its
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