There are lucrative quarters.
This was definitely one of ’em.
Apple’s Q1 2020 conference call took place on Tuesday, the company announcing revenues of $91.8 billion and profits of $22.2 billion. This marks an all-time record for both net income and revenue, according to Apple.
Apple CEO Tim Cook offered the following about Apple’s Q1 2020 holiday performance:
“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,” said Tim Cook, Apple’s CEO. “During the holiday quarter our active installed base of devices grew in each of our geographic segments and has now reached over 1.5 billion. We see this as a powerful testament to the satisfaction, engagement and loyalty of our customers — and a great driver of our growth across the board.”
While Apple no longer reports unit sales for any of its hardware products, a change it introduced a year ago, the company provided a breakdown of revenue by product category 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 listen to the full AAPL Q1 2020 earnings call after the fact via Apple Podcasts.
Via 9to5Mac and investor.apple.com