The iPhone 12s strong momentum helps Apple to another huge quarter

Apple’s string of record-breaking earnings reports continued on Tuesday, with the company posting a strong fiscal third quarter that saw $81.43 billion in revenue. That’s a year-over-year increase of 36 percent and a new all-time record for the June quarter. It also crushes the $73 billion figure that analysts were expecting. Apple recorded a net quarterly profit of $21.7 billion.

This quarter is traditionally one of the slower periods for iPhone sales, as consumer interest begins shifting toward the next lineup of devices that Apple is expected to announce in September. But sales were still impressively up — by nearly 50 percent — compared to this time a year ago, reflecting continued momentum for Apple’s first 5G smartphones. Mobile...

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