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Apple ekes 1% revenue growth, but phone sales plummet

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Some companies are better able to withstand the onslaught of the global COVID-19 pandemic, with Amazon, for example, seeing its share price reach new highs due to its increasingly essential logistics role. Apple, as a purveyor of luxury goods, is not as lucky, and their Q2 2020 earnings have reflected this, with their revenue growing […]
Some companies are better able to withstand the onslaught of the global COVID-19 pandemic, with Amazon, for example, seeing its share price reach new highs due to its increasingly essential logistics role.
Apple, as a purveyor of luxury goods, is not as lucky, and their Q2 2020 earnings have reflected this, with their revenue growing only 1% to a still very impressive $58.

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