Apple delivered another blockbuster quarterly earnings report Thursday and with the Apple stock price approaching $400 a share the company announced that it would have a stock split this year.
The company behind the iPhone has Wall Street estimate revenue at $52.2 billion, but the company flew by those numbers hitting $59.7 billion. That is an increase of 11 percent compared to the second quarter a year ago.
“Apple’s record June quarter was driven by double-digit growth in both Products and Services and growth in each of our geographic segments,” Apple’s CEO Tim Cook said in a statement, “In uncertain times, this performance is a testament to the important role our products play in our customers’ lives and to Apple’s relentless innovation.”
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