iPhone SE helps Apple become only growing smartphone company with record quarter results

Despite the pandemic bringing smartphone sales to a grinding halt for at least a couple of months in many countries, Apple has managed to record quarterly revenue of $59.7 billion, an increase of 11 per cent from the year-ago quarter. According to research firm Canalys, Apple was the only company that managed to grow in Q2, shipping 45.1 million iPhones globally, a growth of 25 per cent compared to the previous year, even as the overall smartphone market plummeted 14 per cent.

Even as International sales accounted for 60 per cent of its Q3 revenue, CEO Tim Cook said the “record June quarter was driven by double-digit growth in both Products and Services and growth in each of our geographic segments”.