Apple reports a record $91.eight billion holiday quarter
By Jason Snell
January 28, 2020 1:44 PM PT
Apple introduced that its calendar 2019 holiday quarter (the primary quarter of its fiscal 2020) was its all-time finest by way of income, with a whole of $91.eight billion, with a $22.2 billion revenue. The firm beat its estimates for the quarter, and in information that may cheer Wall Street, estimated that it’ll generate between $63 and $67 billion in income subsequent quarter, a signal of additional progress to return.
The $91.8B in income was a new record, topping the 2017 holiday season (fiscal 2018) by $three.5B.
iPhone income was up eight% 12 months over 12 months to $56 billion, its first quarter of progress in a full 12 months.
Mac generated 7.2 billion however was down three% versus the year-ago quarter.
Wearables is on a tear. The class was up 37% over the year-ago quarter. That’s 10 straight quarters of progress over 30 %, which is breathtaking.
This was not an iPad holiday. iPad has been on a roll, however there have been no new fashions and its $6B in income was an 11 % drop from final 12 months. It’s the largest iPad drop in income since 2018.
Services income continued on its roll, up 17 % from the year-ago quarter.
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