(Reuters) – Apple Inc reported sales and profits that beat Wall Street expectations Thursday, with Chief Executive Officer Tim Cook saying China sales were “headed in the right direction” as that country reopens from the novel coronavirus.
FILE PHOTO: A municipal policeman wearing a protective face mask walks past the closed Apple store on the Champs-Elysees avenue in Paris as a lockdown is imposed to slow the rate of the coronavirus disease (COVID-19) in France, April 16, 2020. REUTERS/Charles Platiau/File Photo
But Cook said it was impossible to forecast overall results for the current quarter because of uncertainty created by the virus. Shares declined 2.4% to $286.56 in extended trading.
With its global brand, few American companies have been exposed to the spread of the coronavirus like Apple, whose iPhone sales declined in the March quarter as device sales were forced to online-only in many places. Sales of subscription services such as streaming television content rose…
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