By Todd Spangler NY Digital Editor Apple turned in better results for the first three months of 2020 than analysts expected amid the COVID-19 crisis — including posting a record $13.3 billion in services revenue, up 17% year over year.
In February, Apple warned investors that it expected to miss previous targets for the March quarter, citing the coronavirus outbreak in China as disrupting iPhone manufacturing and hurting sales in the country.
Then in mid-March, the tech giant said it was shuttering all its retail stores worldwide with the exception of Greater China; they remain closed.
Apple did not provide financial guidance for the June 2020 quarter. The stock was trading down around 1.5% in after-hours trading.
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