Apple Reports Record First Quarter Results

Apple Newsroom:

Apple today announced financial results for its fiscal 2020 first quarter ended December 28, 2019. The Company posted quarterly revenue of $91.8 billion, an increase of 9 percent from the year-ago quarter and an all-time record, and quarterly earnings per diluted share of $4.99, up 19 percent, also an all-time record. International sales accounted for 61 percent of the quarter’s revenue.

Looking at the details for year-over-year net sales:

  • iPhone: +7.7%
  • Mac: -3.5%
  • iPad: -11%
  • Wearables: +37% (!)
  • Services: +17%

In dollars, Wearables accounted for $10B in sales, Mac $7.1B, iPad $6B. A year ago those three categories were all roughly tied at around $7B. Apple Watch continues to grow and AirPods are simply a sensational hit.

Tuesday, 28 January 2020