Apple posted a 54% gain in total revenue in its fiscal second quarter, reflecting the tech giant’s bounceback from the worst of Covid-19, which hit results in the same period in 2020.Revenue for the quarter ending March 27 reached $89.6 billion, with international accounting for 67% of the total.
Much of the growth came in the company’s Products division thanks to a new line of iPhones and other devices. Total Product revenue reached $72.7 billion, up from a shade less than $50 billion a year ago.Services revenue, which includes iCloud, Apple Music, Apple TV and other operations, reported more modest growth to $16.9 billion from $13.4 billion.Wall Street analysts had expected slightly higher revenue, but Apple’s earnings far exceeded their
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