Apple Inc. reported quarterly revenue that crushed Wall Street forecasts after locked-down consumers snapped up new iPhones, iPads and Mac computers to stay connected during the pandemic. The stock jumped more than 5% in extended trading.
The world's largest technology company also announced a 4-for-1 stock split after its shares surged more than 80% in the past year.
Apple's fiscal third-quarter revenue came in at $59.7 billion, a record for the June period. That was up 11% from a year earlier and smashed analyst estimates of $52.3 billion, data show.
The pandemic is keeping people at home, which has spurred demand for Apple devices to help millions of consumers use the internet to keep in touch with friends, family and co-workers.
"In uncertain times, this performance is a testament to the important role our products play in our customers' lives," Apple CEO Tim Cook said in a statement.
Apple's cheaper iPhone SE, released in April, was also well timed for leaner economic conditions. There were also minor updates to the iPad Pro and MacBook Pro, and new accessories like an iPad Pro keyboard with trackpad. The company plans to launch new Mac computers with its own processors, a cheaper HomePod, and a slew of new iPhones later this year.
The Cupertino, Calif.-based technology giant didn't provide guidance again due to the ongoing impact of COVID-19.
