Apple's Sales beat the Wall Street Expectation amid coronavirus pandemic!

  • May 01, 2020 BST
  • Team Kalkine

British Airways has told staff that its Gatwick airport operation may not reopen after the coronavirus pandemic passes. The admission came in a memo, written by the head of BA's Gatwick hub and seen by BBC News. BA's Gatwick operation, which is currently suspended, is roughly a fifth as big as its Heathrow hub. In a separate letter to pilots, BA said it cannot rule out suspending the rest of its Heathrow operation. BA has been flying from Gatwick for decades.

Apple reported sales and profits that beat Wall Street expectations on Thursday despite the fallout from the coronavirus pandemic, with Tim Cook saying China sales were “headed in the right direction” as that country reopens. Apple reported sales of $58.3bn and earnings of $2.55 per share for its fiscal second quarter ended in March, above year-ago results of $58bn and $2.46, and above analyst estimates of $54.5bn and $2.27. Sales of services such as streaming television content rose with billions of people locked in their homes, the company said.

Amazon emerged as one of the big winners of the coronavirus pandemic on Thursday, announcing it had revenues of $75.4bn in the first three months of the year – over $33m an hour. The boom in sales, 26% higher than the same time last year, came at a cost, as profit fell 29% from a year earlier to $2.5bn. And the company said there was more spending to come.

 


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