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Apple reports RECORD revenue of nearly $90 billion and Facebook’s sales nearly double

Apple CEO Tim Cook (left) and Facebook CEO Mark Zuckerberg (right).

Tech Companies Reap The Pandemic Rewards


Apple and Facebook reported sharp increases in quarterly revenue Wednesday as both companies continue to take advantage of pandemic trends that have devastated other parts of the economy.

At Apple, revenue rose to $89.6 billion – good for earnings of $1.40 a share, which beat Wall Street analysts’ expectations, which called for 99 cents.

That was a 54 per cent jump in revenue from the first quarter of 2021.

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