Home / Apple / O’Grady’s PowerPage » Apple posts $91.8 billion in revenue, $22.2 billion profit for Q1 2020

O’Grady’s PowerPage » Apple posts $91.8 billion in revenue, $22.2 billion profit for Q1 2020

O’Grady’s PowerPage » Apple posts $91.eight billion in income, $22.2 billion profit for Q1 2020

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Date: Wednesday, January 29th, 2020, 03:59
Category: Accessory, Apple, Apple TV, Apple Watch, Business, Finance, HomePod, iPad, iPhone, News, retail

There are profitable quarters.

This was positively one in every of ’em.

Apple’s Q1 2020 convention name happened on Tuesday, the corporate asserting revenues of $91.eight billion and income of $22.2 billion. This marks an all-time report for each internet revenue and income, in response to Apple.

Apple CEO Tim Cook provided the next about Apple’s Q1 2020 vacation efficiency:

“We are thrilled to report Apple’s highest quarterly revenue ever, fueled by strong demand for our iPhone 11 and iPhone 11 Pro models, and all-time records for Services and Wearables,” mentioned Tim Cook, Apple’s CEO. “During the vacation quarter our lively put in base of units grew in every of our geographic segments and has now reached over 1.5 billion. We see this as a robust testomony to the satisfaction, engagement and loyalty of our clients — and an important driver of our development throughout the board.”

While Apple now not experiences unit gross sales for any of its hardware merchandise, a change it launched a yr in the past, the corporate offered a breakdown of income by product class for Q1 2020:

  • $55.96 billion: iPhone
  • $12.72 billion: Services
  • $7.16 billion: Mac
  • $10.01 billion: Wearables, Home, and Accessories
  • $5.98 billion: iPad

Users can hearken to the complete AAPL Q1 2020 earnings name after the very fact through Apple Podcasts.

Via 9to5Mac and investor.apple.com

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