Earnings

During today's earnings call covering the fourth quarter of 2020, Apple CEO Tim Cook was asked about Apple's payment services, where he said that contactless payment usage could see growth in the United States due to the pandemic, where people are aiming to use cash less and less. As you can imagine in this environment, people are less wont to hand over a card. Contactless payment has taken on ...

With many people continuing to learn and work from home, Apple's Mac sales in the fourth quarter of 2020 hit a new all-time revenue record, hugely outpacing sales in the fourth quarter of 2019. Apple's Mac category brought in $9 billion, up from $7 billion in the year-ago quarter, marking growth of 29 percent. Apple says that sales were up despite supply constraints that the company was...

Apple's Wearables, Home, and Accessories category, which was previously known as the "Other" category, brought in record revenue in the fourth fiscal quarter of 2020, hitting $7.9 billion, up 21 percent from $6.5 billion in the year-ago quarter. Apple CFO Luca Maestri said that Apple hit September quarter records in every geographic segment in these categories. Apple's wearables category...

During today's earnings call for the fourth fiscal quarter of 2020 (third calendar quarter), Cook said that while he doesn't want to give too much away, "this year has a few more exciting things in store." Cook is likely speaking about the Apple Silicon Macs, as Apple has previously said the first ‌Apple Silicon‌ Mac will be coming before the end of 2020. There are rumors of a third fall...

Apple's services category, which includes iTunes, the App Store, Mac App Store, Apple Music, Apple Pay, AppleCare, Apple TV+, Apple Arcade, Apple News+ and more, continues to see major growth each quarter. According to today's earnings report covering the fourth fiscal quarter of 2020 (third calendar quarter), Apple's services segment brought in $14.5 billion, up from $12.5 billion in the...

Apple's iPhone 12 lineup launched too late to be included in the Q4 earnings results being shared today, but Apple CEO Tim Cook today said in an interview with CNBC that he's "optimistic" about Apple's ‌iPhone‌ 12 sales because of 5G support, carrier promotions, and a loyal install base. According to Cook, initial data points on ‌iPhone‌ 12 sales are "really quite good." During the earnings...

Apple in September announced Apple One, a new series of services bundles that will let Apple device customers purchase several services together in one package instead of separately, saving money for those who use multiple Apple service products. Ahead of Apple's earnings call, Apple CFO Luca Maestri told Bloomberg that ‌Apple One‌ is set to launch on Friday, October 30. ‌Apple One‌...

Apple today announced financial results for the fourth fiscal quarter of 2020, which corresponds to the third calendar quarter of the year. For the quarter, Apple posted revenue of $64.7 billion and net quarterly profit of $12.7 billion, or $0.73 per diluted share, compared to revenue of $64.0 billion and net quarterly profit of $13.7 billion, or $0.76 per diluted share, in the year-ago quarter...

Apple today updated its investor relations page to announce that it will share its earnings results for the fourth fiscal quarter (third calendar quarter) of 2020 on Thursday, October 29. Fourth quarter earnings calls typically provide some insight into the early sales of new iPhones, but since this year's iPhones have been delayed until October, initial iPhone sales data will not factor...

Apple's retail stores in many parts of the world were shut down for much of the third fiscal quarter of 2020, but the iPhone still saw two percent growth, which Apple CEO Tim Cook said was a surprise as the company expected year over year ‌iPhone‌ performance to decrease. COVID-19 had the biggest hit on Apple's sales in April, but demand for the ‌iPhone‌ increased in May and June, which Cook ...

Apple today shared its earnings results for the third fiscal quarter of 2020, and iPad and Mac sales saw a surge in growth as people transitioned from working in offices to working from home. Both ‌iPad‌ and Mac saw double digit growth during the quarter. Mac sales brought in $7 billion, up from $5.8 billion in the year-ago quarter, while ‌iPad‌ sales brought in $6.5 billion, up from $5...

Apple's services category, which includes iTunes, the App Store, Mac App Store, Apple Music, Apple Pay, AppleCare, Apple TV+, Apple Arcade, and more, continues to see major growth each quarter. According to today's earnings report covering the third fiscal quarter of 2020, Apple's services segment brought in $13.2 billion, up nearly $2 billion from the $11.5 billion earned in the third...

Apple today announced financial results for the third fiscal quarter of 2020, which corresponds to the second calendar quarter of the year. For the quarter, Apple posted revenue of $59.7 billion and net quarterly profit of $11.25 billion, or $2.58 per diluted share, compared to revenue of $53.8 billion and net quarterly profit of $10.0 billion, or $2.18 per diluted share, in the year-ago...

Apple has announced that it will report its earnings results for the third quarter of fiscal 2020 on Thursday, July 30. The quarter began on March 29, just over two weeks after the World Health Organization declared COVID-19 a global pandemic. Apple did not provide guidance for the quarter due to these uncertain times, but analysts expect the company to report revenue of $51.4B on average,...

Apple today announced financial results for the second fiscal quarter of 2020, which corresponds to the first calendar quarter of the year. For the quarter, Apple posted revenue of $58.3 billion and net quarterly profit of $11.2 billion, or $2.55 per diluted share, compared to revenue of $58.0 billion and net quarterly profit of $11.6 billion, or $2.46 per diluted share, in the year-ago quarter...

During today's earnings call covering the first fiscal quarter of 2020, Apple CEO Tim Cook was asked about 5G, and how much of a demand driver it might be for Apple. Cook of course said that he wouldn't comment on future Apple products with respect to 5G, but said 5G is in the "early innings of its deployment on a global basis." Cook went on to say that Apple "couldn't be prouder" of its ...

During today's earnings call, Apple CEO Tim Cook commented on the coronavirus outbreak in China, which investors fear could potentially impact Apple's business, affecting production of both current iPhones and the new low-cost iPhone that's on the horizon. Cook said that Apple is donating to China to help with the outbreak and working with partner companies. We're donating to groups that...

Following poor iPhone sales in the first quarter of 2019, Apple saw significant improvement in the first quarter of 2020, with ‌iPhone‌ sales bringing in $56 billion in revenue for 8 percent growth. According to Apple CEO Tim Cook, response to the ‌iPhone‌ 11, 11 Pro, and 11 Pro Max has been highly positive. The ‌iPhone‌ 11 was the top-selling ‌iPhone‌ every week during the December quarter,...

Apple's services category, which includes iTunes, the App Store, the Mac App Store, Apple Music, Apple Pay, AppleCare, Apple TV+, Apple Arcade, and more, has become a significant revenue driver for Apple. In the first fiscal quarter of 2019, Apple's services segment brought in $12.7 billion, up from $10.9 billion in the year-ago quarter, marking growth of 17 percent. Every geographic saw...

During the first quarter of 2020, Apple's wearables category set a new all-time revenue record, according to Apple CEO Tim Cook. Apple's wearables earnings category, which includes AirPods and Apple Watch along with accessories like Beats headphones and HomePod, hit $10 billion, up from $7.3 billion in the year-ago quarter. Wearables, Home, and Accessories revenue surpassed Mac revenue...