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Apple Revenue Plunges by 20.7% in Q3 Due to iPhone 12 Delays, While Amazon and Facebook Grow


TechInAfrica – Apple’s revenue during Q3 2020 totaled $64.7 billion, indicating the development rate of 1% year-over-year (YoY). The income of iPad grew by 46% YoY in that period. Followed by the Mac revenue grew by 28% while the services revenue soared by 16.3%. Nevertheless, the delay of the iPhone 12 launching caused a decline by 20,7% in Apple’s revenue. 

New Apple’s items usually launch in September, but the release date this year moved to October due to the global pandemic, COVID-19. On the Q3 2020 revenue, Alphabet, Google’s parent company posted $46.2 billion, a 14% increase YoY. Apple’s performance was increased ad income that totaled $37,1 billion.

On the other hand, the net sale of Amazon increased by 35% YoY to $96.1 billion. Also, the profit gained by Amazon nearly tripled to $6.3 billion. This largest online shopping company expects that the sale rate increased by 28% to 38% in Q4 2020, according to its earnings report. 

Meanwhile, Facebook’s revenue rose by 22% YoY to reach $21.47 billion. From these numbers, the ad spending contributed $21.22 billion. The ad coverage grew by 134,9% YoY in South America and the global cost per click increased by 42,4% YoY. Mainly, Facebook lost 1 million monthly active users (MAUs) during the period and 2 million daily users in top ad markets of the United States of America and Canada, 

Microsoft reported an increase of 15% in revenue, reaching $36.0 billion. Its profits grew by 22% YoY to $10.8 billion.



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