Friday, October 30, 2020

Apple -- 4Q20 -- Quarter Ending September, 2020

Apple reports 4Q20 results: $12.7 billion on $64.7 billion revenue.

For the quarter, Apple posted revenue of $64.7 billion and net quarterly profit of $12.7 billion, or $0.73 per diluted share, compared to revenue of $64.0 billion and net quarterly profit of $13.7 billion, or $0.76 per diluted share, in the year-ago quarter. Apple set a new record for September quarter revenue, as well as all-time quarterly records for Services and Mac revenue.

Early sales "look good": Tim Cook. 

Apple's services revenue hits new all-time high: $14.5 billion in quarter before the holiday quarter. 

Another all-time record: Apple's wearables, home and accessories revenue -- $7.9 billion. 

Apple can't keep up with demand: working hard on supply constraints -- Tim Cook.

The desktop Mac is dead. Long live the desktop Mac. All-time record. 

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