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Apple Reports 4Q 2020 Earnings: 64.7 Billion Revenue And $12.7 Billion Profit

Apple Reports 4Q 2020 Earnings 64.7 Billion Revenue And 12.7

Ioshackz.com Apple Reports 4Q 2020 Earnings: 64.7 Billion Revenue And $12.7 Billion Profit Apple has announced financial results for its fiscal 2020 fourth quarter ended September 26, 2020. During this quarter, the company posted a record September quarter revenue of $64.7 billion and a net quarterly profit of $12.7 billion, and quarterly earnings per diluted share of $0.73. International sales accounted for 59 percent of the quarter’s revenue.

“Apple capped off a fiscal year defined by innovation in the face of adversity with a September quarter record, led by all-time records for Mac and Services,” said Tim Cook, Apple’s CEO. “Despite the ongoing impacts of COVID-19, Apple is in the midst of our most prolific product introduction period ever, and the early response to all our new products, led by our first 5G-enabled iPhone lineup, has been tremendously positive. From remote learning to the home office, Apple products have been a window to the world for users as the pandemic continues, and our teams have met the needs of this moment with creativity, passion, and the kinds of big ideas that only Apple can deliver.

In terms of revenue by category, all but iPhone saw an increase. For example, services revenue was up from $12.5 billion in Q4 2019 to $14.55 billion in Q4 2020, Mac was up from $6.99 billion in Q4 2019 to $9.03 billion, Wearables, Home, and Accessories were up from $6.52 billion to $7.88 billion, and iPad was up from $4.66 billion in Q4 2019 to $6.79 billion in Q4 2020.

Apple’s Board of Directors has declared a cash dividend of $0.205 per share of the Company’s common stock. The dividend is payable on November 12, 2020, to shareholders of record as of the close of business on November 9, 2020.