As one of the first companies to publicly acknowledge that the coronavirus pandemic was going to have a serious impact on its earnings, all eyes have been on how Apple and the iPhone would fare in its second quarter of 2020. The results are in and they’re not terrible. While the iPhone, iPad, and Mac all suffered year-over-year declines, Apple actually grew slightly when compared to the same quarter last year.
In the quarter ending March 31, Apple posted quarterly revenue of $58.3 billion, an increase of 1 percent from the year-ago quarter, when the company earned $58 billion. Most of the boost was due to an increase in the Wearables and Services categories, both of which posted new records. Here’s how the product lines break down:
