Comment: Delayed iPhone 12 sales disguised a huge quarter for Apple

Delayed iPhone 12 sales meant that the fiscal Q4 earnings Apple reported yesterday were massively better than the headline number suggested.
Apple reported revenue of $64.7B, making it flat against the $64B the company brought in during the same quarter last year. But the delayed availability of this year’s flagship iPhones mean that the two quarters are not remotely comparable …
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Author: Ben Lovejoy