Apple boosts revenues, profits dip in pandemic-hit quarter

San Francisco: Apple on Thursday reported profit slipped as it boosted revenue from services and wearables in a pandemic-cobbled start to the year for the iPhone maker.

Profit dipped to $11.2 billion on sales of $58.3 billion in the fiscal second quarter, compared to net income of $11.7 billion on revenue of $58 billion in the same period a year earlier.

“Despite COVID-19’s unprecedented global impact, we’re proud to report that Apple grew for the quarter, driven by an all-time record in services and a quarterly record for wearables,” chief executive Tim Cook said in an earnings release.