Apple smashes revenue estimates in record third quarter
(WorldNews Business)

Apple Inc. reported quarterly revenue that crushed Wall Street forecasts after locked down consumers snapped up new iPhones, iPads and Mac computers to stay connected during the pandemic. The stock jumped as much as 6.3% in extended trading. The world`s largest technology company also announced a four-for-one stock split after its shares surged more than 80% in the last year, and confirmed that the next iPhones will launch a “few weeks later” than usual. Fiscal third-quarter revenue came in at $59.7 billion, a record for the June period, Apple said in a statement. That was up 11% from a year earlier and smashed analysts` estimates of $52.3 billion, according to data compiled by Bloomberg....