Consumer & Service

Business • Consumer & Service
Apple reports revenue of $59.69 billion in the third quarter
Apple Park headquarters
Apple Park headquarters Credit: Carles Rabada

Apple announced revenue of $59.7 billion and a net quarterly profit of $11.25 billion for the third fiscal quarter of 2020, which corresponds to the second calendar quarter of the year.

The company reported growth across all of its product lines for Q3, from the iPhone, which has seen slowed growth in recent years, to its booming wearables and services businesses. The iPhone revenue of $26.4 billion for the quarter, an increase from the year-ago quarter.

Business • Consumer & Service
During Covid-19: Ice-cream sales up, deodorant sales down according to Unilever
During Covid-19: Ice-cream sales up, deodorant sales down according to Unilever
Credit: Veganbaking.net (Creative Commons Attribution 2.0)

According to the consumer goods corporation Unilever, the sales of personal care items have decreased during the pandemic. Likely reason for this is the social distancing and limited socialisation of people and working from home during the pandemic.

Contrary to the decrease of consumer goods sales, such as deodorant, makeup and other personal products, the sales of ice-cream have increased by 15% in the first quarter and by 26% in the second quarter.

Business • Consumer & Service
Walmart makes face masks mandatory for customers
Walmart makes face masks mandatory for customers
Credit: MikeMozartJeepersMedia / Wikimedia Commons (Creative Commons Attribution ShareAlike 3.0)

Walmart announced on Wednesday that it would require all customers to wear a mask or face covering when entering its stores, following other large retailers such as Best Buy, Costco and Apple. Walmart's face covering policy will take effect on July 20 in around 5,000 – roughly 65% – of its stores.