Apple reported that its iPhone sales climbed 49.78% to $39.57 billion, iPad sales went up 12% to $7.37 billion, and its Mac sales rose 16% to $8.24 billion. Its services revenue increased 33% to $17.48 billion and its revenue from other products grew 40% to $8.76 billion.
In an interview with Reuters, Apple CEO Tim Cook said, “It wasn’t just iPhone. We set a new quarterly record for Mac, for wearables, home, and accessories, and for services” in China. He added, “It was our strongest geography.”
Alphabet quarterly financial results
Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG), the parent company of Google reported strong second-quarter financial results as advertisers increased their spending on advertisements as more consumers are shopping online.
On Tuesday, Alphabet posted $27.26 EPS, better than the $19.34 EPS expected by Wall Street analysts. Its revenue increased 62% to $61.9 billion, higher than the $56.16 billion estimated by analysts.
The company’s total Google adverting revenue went up to $50.44 billion from $29.86 billion in the same quarter a year ago. Its YouTube advertising revenue increased from $3.81 billion to $7 billion and Google Cloud revenue grew from $3 billion to $4.63 billion.
