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Apple sees growth in Mac and iPad sales owing to global work from home restrictions

Apple had a strong June quarter, and Mac and iPad sales, aided by the global shelter-in-place rules, were a major contributor: iPad revenue grew, sequentially, by over 50%, while revenue from Macs increased by over 30% in the same period. iPhone sales, meanwhile, grew marginally over last year, but fell down by as much as nearly 9% compared to the March quarter. The Services category, which had done really really well for Apple in the March quarter, more or less remained unaffected, as Apple looks to have shaken off a lot of the COVID-19 induced toll. Apple had announced its earnings for June a day after the congressional antitrust hearings in the US, where the company was questioned over its App Store policies. Net sales of the company increased to $59.7 billion in June, compared to $58.3 billion in the March quarter, aided largely by the growth in Mac and iPad sales. Net income in June increased very marginally to $11.253 billion, compared to $11.249 billion in the March quarter. The company said that results for advertising and AppleCare, its service assurance package, were impacted by the reduced level of economic activity, and store closures, owing to the pandemic. iPhone revenue reduced QoQ, wearables revenue declined too The curious case of iPhone sales: iPhone sales continued to fall this quarter over last last quarter by as much as 8.8%. In June, Apple raked in $26.8 billion by selling iPhones compared to $28.9 billion in the March quarter. This is an…

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