Company News 

Is Apple drifting away from reality?

Is Apple drifting away from reality?

Apple (US:AAPL) reported record quarterly profits through to the end of June, sending its shares on an upward trajectory following release. Despite the closure of a number of its physical stores, the tech giant posted an 11 per cent hike in Q3 sales. All five of its product categories saw growth: even iPhone revenues, which should have come under renewed pressure during the lockdown, were up 2 per cent to $26.4bn (£20.3m), thanks to the launch of a cheaper model in April. 

To continue reading, subscribe today

and enjoy unlimited access to the following:

  • Tips of the Week
  • Funds coverage
  • Weekly features on big investment themes
  • Trading ideas
  • Comprehensive companies coverage
  • Economic analysis
Subscribe
Subscribe to Investors Chronicle

Subscribe today

Full access for just £3.37 a week:

• Tips and recommendations - to beat the market 
• Portfolio clinic & Mr Bearbull - build a well-planned portfolio 
• Expert tools - track and manage investments effortlessly
• Plus free delivery to your home or office

Subscribe Now