Examining Apple's record-breaking $59.7B June quarter by the numbers

Apple considerably beat all industry expectations with its latest earnings, and did so with a quarter that was featured closed stores, and coronavirus lockdowns affecting the supply chain.

Tim Cook at WWDC, superimposed with a chart showing year on year iPhone revenue changeTim Cook at WWDC, superimposed with a chart showing year on year iPhone revenue change

In a regular quarter, back before the coronavirus, what would typically happen is that Apple would post guidance saying that they expected to earn between X and Y billion dollars. Analysts would then say no, Apple is wrong, and either it will be more or it will be less.

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