Earnings

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...

In today's earnings release where Apple reported record numbers due to the strength of iPhone sales, wearables, and services, Apple said that it now has 1.5 billion active devices. Apple CEO Tim Cook said that the milestone was hit over the holiday period, and serves as a "powerful testament to the satisfaction, engagement and loyalty of our customers -- and a great driver of our growth across ...

Apple today announced financial results for its first fiscal quarter of 2020, which corresponds to the fourth calendar quarter of 2019. For the quarter, Apple posted revenue of $91.8 billion and net quarterly profit of $22.2 billion, or $4.99 per diluted share, compared to revenue of $84.3 billion and net quarterly profit of $20.0 billion, or $4.18 per diluted share, in the year-ago quarter....

As a reminder for anyone who may have missed the announcement during the holidays, Apple revealed that it will share its earnings results for the first quarter of its 2020 fiscal year on Tuesday, January 28. The financial report should be released at 1:30 p.m. Pacific Time on that day as usual, followed by a conference call with Apple CEO Tim Cook and Apple CFO Luca Maestri at 2:00 p.m....

Apple CEO Tim Cook today said that Apple set new fourth quarter revenue records for wearables in every market that it operates in thanks to strong sales of the Apple Watch, AirPods, and Beats headphones. Cook said that Apple saw "amazing results" in the wearables, home, and accessories category with revenue hitting $6.5 billion. That's up from $4.2 billion in the year-ago quarter, which is...

Apple's services category, which includes iTunes, the App Store, the Mac App Store, Apple Music, Apple Pay, AppleCare, Apple Arcade, Apple News+ and more, is an important revenue driver for Apple amid flagging iPhone sales, leading Apple to focus more effort on its services category. In the fourth fiscal quarter of 2019, Apple's services segment brought in $12.5 billion, up from $10.6 billion ...

Apple today announced financial results for the third calendar quarter and fourth fiscal quarter of 2019. For the quarter, Apple posted revenue of $64.0 billion and net quarterly profit of $13.7 billion, or $3.03 per diluted share, compared to revenue of $62.9 billion and net quarterly profit of $14.1 billion, or $2.91 per diluted share, in the year-ago quarter. Earnings per share set a new...

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 2019 on Wednesday, October 30. The earnings results will offer up some insight into how well the iPhone 11, ‌iPhone‌ 11 Pro, and ‌iPhone‌ 11 Max did during their first week of availability, though Apple no longer breaks out ‌iPhone‌ unit...

Thanks to trade-in programs and other promotions, Apple saw significant improvement in iPhone sales in China, Apple CEO Tim Cook said today during today's earnings call covering the third fiscal quarter of 2019. Cook said that Apple saw "great improvement" in China, returning to growth in constant currency in Greater China with improvements in year-over-year ‌iPhone‌ performance compared to...

Apple's services category, which includes iTunes, the App Store, the Mac App Store, Apple Music, Apple Pay, AppleCare, and more, has become an important revenue driver for Apple amid stagnating iPhone sales, leading Apple to focus more effort on its services category. In the third fiscal quarter of 2019, Apple's services segment brought in $11.46 billion, up from $10.17 billion in the year-ago ...

Apple today announced financial results for the third fiscal quarter of 2019, which corresponds to the second calendar quarter of the year. For the quarter, Apple posted revenue of $53.8 billion and net quarterly profit of $10.0 billion, or $2.18 per diluted share, compared to revenue of $53.3 billion and net quarterly profit of $11.5 billion, or $2.34 per diluted share, in the year-ago quarter. ...

Apple CEO Tim Cook today shared some details on upcoming Apple Pay providers during Apple's earnings call covering the second fiscal quarter of 2019. Ticketmaster is set to begin accepting ‌Apple Pay‌ for ticket purchases on the web in the near future, and more than 50 entertainment and sporting event venues are launching contactless tickets this year, including most NFL stadiums. New...

Apple CFO Luca Maestri today said that Apple's Wearables, Home, and Accessories category, which includes devices like the AirPods and the Apple Watch, set a new March quarter revenue record of $5.1 billion. According to Maestri, AirPods demands continues to be "off the charts," and Apple is "working hard to catch up with the incredible customer demand" for the earbuds. Earlier in the call,...

During today's earnings call for the second fiscal quarter of 2019 (first calendar quarter), Apple CEO Tim Cook said that Apple's iPhone trade-in efforts have been highly successful. According to Cook, Apple saw an all-time record response to the company's trade-in promotions, and Apple saw more than four times the number of trade-ins from the year-ago quarter. When asked which devices...

Amid declining iPhone sales, Apple today said in its Q2 2019 earnings report that the iPad saw its strongest growth in six years. Apple's ‌iPad‌ sales hit $4.9 billion in Q2 2019, up from $4 billion in the year-ago quarter, marking a 22 percent increase in revenue. Apple in October 2018 introduced all new iPad Pro models that eschew the Touch ID Home button in favor of a Face ID...