Apple has just released its financial results for its first fiscal quarter of 2020, from October 1 to December 30, 2019.
Apparently the turnover is growing, $ 91.8 billion, compared to $ 84.3 billion in 2018. In terms of net profit, Apple is raking in $ 22.2 billion, or $ 4.99 per share (compared to $ 19.97 billion and $ 4.18 per share in 2018). This represents an increase of 19.38%.
In terms of figures, Apple announces:
- iPhone: $ 55.96 billion in revenue, or + 7.66%compared to 2018
- iPad: $ 5.98 billion in revenue down-11.1%
- Mac: $ 7.16 billion, down from-3.5%
- Apple Watch and other accessories: $ 10.01 billion, an increase of + 38.2%
- Services (iCloud, Apple Music, App Store, etc.): $ 12.72 billion, up+ 10.3%
If diPad and Mac sales are down, Tim Cook remains as confident as ever: We are delighted to announce the highest quarterly turnover ever achieved by Apple, fueled by the high demand for our iPhone 11 and iPhone 11 Pro, and by the historical records of services and wearables.During this quarter, our installed base of devices increased in each of our geographic segments and has now reached more than 1.5 billion pieces of equipment. We see it as a powerful testament to the satisfaction, commitment and loyalty of our customers and a great engine of our growth in all areas.
For the next quarter, Apple is targeting sales between $ 63 and $ 67 billion, with a gross margin between 38% and 39%. After the announcement of the financial results, the AAPL share gained 2.35% post-trading on the Stock Exchange. The action is now worth $ 325.15.