AVN 61.95 Increased By ▲ 3.60 (6.17%)
BOP 10.30 No Change ▼ 0.00 (0%)
CHCC 136.03 Increased By ▲ 0.38 (0.28%)
DCL 9.75 Decreased By ▼ -0.10 (-1.02%)
DGKC 108.18 Increased By ▲ 1.28 (1.2%)
EFERT 67.70 Increased By ▲ 0.30 (0.45%)
EPCL 31.75 Decreased By ▼ -0.05 (-0.16%)
FCCL 21.53 Decreased By ▼ -0.01 (-0.05%)
FFL 13.63 Increased By ▲ 0.37 (2.79%)
HASCOL 13.86 Decreased By ▼ -0.02 (-0.14%)
HBL 129.25 Increased By ▲ 0.87 (0.68%)
HUBC 81.65 Increased By ▲ 1.05 (1.3%)
HUMNL 9.27 Increased By ▲ 0.05 (0.54%)
JSCL 17.46 Increased By ▲ 1.27 (7.84%)
KAPCO 24.54 Increased By ▲ 0.06 (0.25%)
KEL 3.83 Increased By ▲ 0.28 (7.89%)
LOTCHEM 13.12 Increased By ▲ 0.22 (1.71%)
MLCF 36.54 Increased By ▲ 1.22 (3.45%)
OGDC 113.96 Increased By ▲ 0.19 (0.17%)
PAEL 35.28 Increased By ▲ 2.09 (6.3%)
PIBTL 11.70 Increased By ▲ 0.37 (3.27%)
PIOC 91.30 Increased By ▲ 1.71 (1.91%)
POWER 9.94 Decreased By ▼ -0.12 (-1.19%)
PPL 100.46 Decreased By ▼ -0.14 (-0.14%)
PSO 183.25 Decreased By ▼ -0.23 (-0.13%)
SNGP 54.00 Increased By ▲ 0.60 (1.12%)
STPL 11.71 Increased By ▲ 0.08 (0.69%)
TRG 55.86 Increased By ▲ 3.03 (5.74%)
UNITY 12.79 Increased By ▲ 0.55 (4.49%)
WTL 1.55 Increased By ▲ 0.29 (23.02%)
BR100 4,160 Decreased By ▼ -24 (-0.58%)
BR30 21,303 Decreased By ▼ -186 (-0.87%)
KSE100 40,030 Decreased By ▼ -136 (-0.34%)
KSE30 17,297 Decreased By ▼ -128 (-0.73%)
COVID-19 TOTAL DAILY
CASES 282,645 782
DEATHS 6,052 17
Sindh 122,759 Cases
Punjab 94,040 Cases
Balochistan 11,821 Cases
Islamabad 15,182 Cases
KP 34,432 Cases

NEW YORK: Apple Inc on Thursday delivered blowout quarterly results, reporting year-on-year revenue gains across every category and in every geography as consumers working and learning from home during the Covid-19 pandemic turned to its products and services.

The report topped Wall Street expectations, with even some long-overshadowed categories like iPads and Macs getting fresh boosts. Shares rose 5% in extended trading after the results.

The results, which included iPhone sales some $4 billion above of analyst expectations, came on the same day that US gross domestic product collapsed at a 32.9% annualized rate last quarter, the nation's worst economic performance since the Great Depression.

Other major tech companies Amazon.com Inc and Facebook Inc also posted results that topped Wall Street targets, sending their shares up. With 60% of sales coming from international markets, the Cupertino, California-based company posted iPhone revenues of $26.42 billion, $4 billion above analyst expectations of $22.37 billion, according to IBES data from Refinitiv.

The company also saw strong sales in its greater China region, where aggressive pricing during a June holiday shopping season and lower-priced iPhone SE model released in April helped boost sales 2% to $9.33 billion from $9.16 billion a year earlier.

Apple also announced a 4-for-1 stock split, saying it wanted to keep shares accessible to a broad range of investors. Sales in its services segment, which also includes offerings such as iCloud and Apple Music, rose 14.8% to $13.16 billion, compared with $11.46 billion a year ago and analyst expectations of $13.18 billion. Cook told Reuters that Apple has 550 million paying subscribers on its platform, up from 515 in the previous quarter.

Sales in the wearables segment that includes the Apple Watch rose 16.7% to $6.45 billion, compared with $5.53 billion a year ago and estimates of $6.0 billion, according to Refinitiv data. Apple did not give a fiscal fourth-quarter forecast.