Google and Apple warn delta variant could prove disruptive - The Washington Post
Jul 27, 2021 53 secs
An uneven recovery to the pandemic and the delta variant surging in many countries around the world have shown us once again that the road to recovery will be a winding one,” Apple CEO Tim Cook said on a conference call Tuesday with analysts.

Apple earned $81 billion in the quarter, more than any fiscal second quarter in the company’s history, thanks to soaring sales of iPhones and services, which includes Apple’s streaming service and cloud storage.

Google earned $62 billion, a 62 percent increase from the same quarter last year.

“We believe it is still too early to forecast the longer-term trend as markets reopen, especially given the recent increase in covid cases globally,” Google Chief Financial Officer Ruth Porat said on a conference call Tuesday.

Microsoft also shattered the expectations of Wall Street on Tuesday, reporting revenue of $46 billion, a 21 percent increase over the same quarter last year, which was largely due to the strength of its cloud-computing business.

For Apple, that means a possible dip in App Store revenue, which Cook said generated $643 billion in sales in 2020.


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