Graphic charts Apple revenue by quarter for the last 10 years.
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BUSINESS

iPhone and AirPods help Apple hit a new revenue record

By Ninian Carter

January 29, 2020 - Apple’s first quarter results for fiscal year 2020 showed higher than expected revenue of $91.8 billion – its highest ever quarter earnings.

Apple has announced financial results for its first fiscal quarter of 2020 (which corresponds to the fourth calendar quarter of 2019) – taking in the all-important holiday season.

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, for the same period a year earlier.

The impressive numbers were fuelled by strong demand for the iPhone 11 and iPhone 11 Pro models, and all-time record earnings for Services and Wearables – the latter category home to AirPods and Apple Watch.

The quarter was the best in Apple's history in terms of revenue and profit, topping the first fiscal quarter of 2018.

PUBLISHED: 29/01/2020; STORY: Graphic News
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