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<\/div>\nApple has announced that it will reveal its quarterly earnings for the third fiscal quarter of 2020 on July 30, detailing how the company is faring during post-WWDC and during a surge in new COVID-19 cases in the U.S.<\/p>\n
The call will take place on Thursday, at 2 p.m. Pacific (5 p.m. Eastern), according to an update on the company’s Investors Relations webpage<\/a>.<\/p>\n<\/div>\n Apple CEO Tim Cook and CFO Luca Maestri are expected to join analysts on a conference call to detail the company’s fiscal performance in the three months ending June 30.<\/p>\n<\/div>\n Although Apple no longer reports individual unit sales of its product lineup, the Q3 2020 earnings call should reveal the first real impact of the iPhone SE<\/a>, which was announced in mid-April.<\/p>\n<\/div>\n It’s likely that Cook and Maestri could also answer questions about Apple’s massive transition away from Intel chips to Apple Silicon<\/a> in its Macs. The executives aren’t like to reveal any new information, but they could add more details about Apple’s plans.<\/p>\n<\/div>\n The call will undoubtedly detail how Apple is recovering form the coronavirus<\/a> across the globe. The company has recovered<\/a> from the worst impacts of the global health crisis, but has closed a slew of recently re-opened stores amid a spike in new COVID-19 cases<\/a> in the U.S.<\/p>\n<\/div>\n Other WWDC-related announcements, including new software updates or the $100 million Racial Equity and Justice Initiative<\/a>, may also be expanded on.<\/p>\n<\/div>\n At its April 30 earnings call for Q2, Apple reported $58.3 billion in revenue — a number that beat Wall Street estimates by a large margin despite the specter of COVID-19 looming over the quarter.<\/p>\n<\/div>\n Although that number fell short of its original forecast of $63 to $67 billion, it still represented 1% growth from the previous quarter. Due to the economic uncertainty of the current economic conditions, Apple did not provide guidance for the June quarter.<\/p>\n<\/div>\n AppleInsider<\/em> will offer full coverage of the earnings call.<\/p>\n<\/div>\n<\/div>\n Tags:<\/b> Mike Peterson<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"\n\n\n\n\n\n\n\nSee Campaign: <\/strong>https:\/\/appleinsider.com\/articles\/20\/07\/13\/investor.apple.com<\/a>
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Mike Peterson<\/p>\n
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Apple has announced that it will reveal its quarterly earnings for the third fiscal quarter of 2020 on July 30, detailing how the company is faring during post-WWDC and during a surge in new COVID-19 cases in the U.S. The call will take place on Thursday, at 2 p.m. Pacific (5 p.m. Eastern), according … Continue reading Apple announcing Q3 2020 earnings results on July 30<\/span><\/a> Continue Reading