Apple iPhone 12 Price May Be Less Than Apple iPhone 11

Joanna Estrada
May 5, 2020

iPhone 12 prices leaked: Tweeted from Jon Prosser, who's known to be true with his Apple advice, costs of this iPhone 12 series will begin from $649.

Apple has announced its quarterly financial results for fiscal Q2 2020, and as per the figures released by the company, it did better than previous year despite the COVID-19 pandemic hurting sales and manufacturing operations.

Apple CEO Tim Cook said the company remains optimistic of its financial future despite the global impact of the coronavirus pandemic.

The company earned Services revenue of $13.35 billion in Q2, juicing the segment by about $1.9 billion since past year.

Cook said Apple's China-centric supply chain showed strength, but that the company would still investigate tweaks to its processes after the pandemic.

"In this environment is impressive, particularly given some of the extent of Apple's exposure to the earlier lockdowns in Asia".

Cook also said that given the lack of "visibility and certainty in the near term", the company will not be issuing guidance in the coming quarter.

"That said, we are always seeing adjustments".

Worldwide sales accounted for 62% of the quarter's revenue.

"Our global supply chain is profoundly durable and resilient. As people spent more time on their phones while locked away at home, they clearly were spending more money in the App Store and on some of the subscription services offered by Apple, including Apple Music and Arcade".

"Importantly, around half of the customers purchasing Macs and iPads around the world during the quarter were new to that product, and the active installed base for both Mac and iPad reached a new all-time high", he told analysts. According to Cook, Apple will not reopen its Cupertino campuses till June 2020.

"Retail had a quarterly record for us during the quarter, and that's despite stores being closed for the three-week period around the world, excluding China", he said.

In his tweet, Prosser also cites that the source that's granted him these 12 prices is dates.

Apple's total net sales during Q2 2020, at $58.3 billion, once again, were almost identical to the $58 billion figure delivered by the same three-month period in 2019.

"Demand for new devices has been crushed", said Canalys senior analyst Ben Stanton said of the smartphone market.

"Poor business results, employee layoffs and permits are causing a lot of anxiety and uncertainty".

Apple on Thursday also said it would buy back another $50 billion of its own stock, a smaller figure than in past updates to its capital return program, but "we expect them to use those funds aggressively", said Brian Pirri, a principal at Apple shareholder New England Investment and Retirement Group.

Other reports by Click Lancashire

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