CF Unit I

Disclaimer: This is a machine generated PDF of selected content from our products. This functionality is provided solely for your convenience and is in no way intended to replace original scanned PDF. Neither Cengage Learning nor its licensors make any representations or warranties with respect to the machine generated PDF. The PDF is automatically generated "AS IS" and "AS AVAILABLE" and are not retained in our systems. CENGAGE LEARNING AND ITS LICENSORS SPECIFICALLY DISCLAIM ANY AND ALL EXPRESS OR IMPLIED WARRANTIES, INCLUDING WITHOUT LIMITATION, ANY WARRANTIES FOR AVAILABILITY, ACCURACY, TIMELINESS, COMPLETENESS, NON-INFRINGEMENT, MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE. Your use of the machine generated PDF is subject to all use restrictions contained in The Cengage Learning Subscription and License Agreement and/or the Gale General OneFile Terms and Conditions and by using the machine generated PDF functionality you agree to forgo any and all claims against Cengage Learning or its licensors for your use of the machine generated PDF functionality and any output derived therefrom.

Apple Reports Third Quarter Results. Date: July 31, 2020 From: ENP Newswire Publisher: Normans Media Ltd. Document Type: Article Length: 459 words Lexile Measure: 1400L

Full Text:  ENPNewswire-July 31, 2020--Apple Reports Third Quarter Results

(C)2020 ENPublishing - http://www.enpublishing.co.uk

Release date- 30072020 - https://nr.apple.com/dE8R3p4o6K.

Revenue up 11 percent and EPS up 18 percent to new June quarter records.

Apple today announced financial results for its fiscal 2020 third quarter ended June 27, 2020. The Company posted quarterly revenue of $59.7 billion, an increase of 11 percent from the year-ago quarter, and quarterly earnings per diluted share of $2.58, up 18 percent. International sales accounted for 60 percent of the quarter's revenue.

'Apple's record June quarter was driven by double-digit growth in both Products and Services and growth in each of our geographic segments,' said Tim Cook, Apple's CEO. 'In uncertain times, this performance is a testament to the important role our products play in our customers' lives and to Apple's relentless innovation. This is a challenging moment for our communities, and, from Apple's new $100 million Racial Equity and Justice Initiative to a new commitment to be carbon neutral by 2030, we're living the principle that what we make and do should create opportunity and leave the world better than we found it.'

'Our June quarter performance was strong evidence of Apple's ability to innovate and execute during challenging times,' said Luca Maestri, Apple's CFO. 'The record business results drove our active installed base of devices to an all-time high in all of our geographic segments and all major product categories. We grew EPS by 18 percent and generated operating cash flow of $16.3 billion during the quarter, a June quarter record for both metrics.'

Apple's Board of Directors has declared a cash dividend of $0.82 per share of the Company's common stock. The dividend is payable on August 13, 2020 to shareholders of record as of the close of business on August 10, 2020.

The Board of Directors has also approved a four-for-one stock split to make the stock more accessible to a broader base of investors. Each Apple shareholder of record at the close of business on August 24, 2020 will receive three additional shares for every share held on the record date, and trading will begin on a split-adjusted basis on August 31, 2020.

Apple will provide live streaming of its Q3 2020 financial results conference call beginning at 2:00 p.m. PT on July 30, 2020 at apple.com/investor/earnings-call/. This webcast will also be available for replay for approximately two weeks thereafter.

Apple periodically provides information for investors on its corporate website, apple.com, and its investor relations website, investor.apple.com. This includes press releases and other information about financial performance, reports filed or furnished with the SEC, information on corporate governance, and details related to its annual meeting of shareholders.

[Editorial queries for this story should be sent to [email protected]]

((Distributed via M2 Communications - http://www.m2.com))

Copyright: COPYRIGHT 2020 Normans Media Ltd. http://www.enpublishing.co.uk/ENPN.htm Source Citation (MLA 9th Edition)    "Apple Reports Third Quarter Results." ENP Newswire, 31 July 2020, p. NA. Gale General OneFile,

link.gale.com/apps/doc/A631127362/ITOF?u=oran95108&sid=bookmark-ITOF&xid=891a3831. Accessed 18 Feb. 2023. Gale Document Number: GALE|A631127362