A day or so ago I said I would not be watching network news or blogging about non-Bakken news until the current craziness dissipates, perhaps going off the grid as it were for about ten days. Curiosity got the best of me; I was curious how Apple did this past quarter. I wasn't sure how to find the story without going to business news but I wanted to avoid that at all costs. And then I remembered: Macrumors.
Note: this is the first fiscal quarter of 2020 -- the holiday quarter, 2019, October - December, 2019.
This graphic pretty much says it all.
I can hardly wait to read the comments.
The dividend remains unchanged but will likely be increased by 10% in May, 2020.
Margins were great.
This quarter was the best in Apple's history in terms of revenue and profit, topping the first fiscal quarter of 2018.
Conference call on-going:
- Apple's Wearables, Home and Accessories hit $10.0 billion in revenue; surpassed the Mac ($7.2 billion) -- first time ever after coming very close in several previous quarters
- iPhone revenue was just under $56 billion; up 8%; exceptional iPhone 11 demand; iPhone 11 was top selling model every week; Apple's second highest in history (best ever quarter was two years ago, $61.6 billion
- shares surging
- set records in most geographical areas and growth returned to China
- active install base surpassed 1.5 billion
- And analysts on CNBC are complaining because iPhone numbers were too good. So Apple is back to being just a hardware company and their PE is too high now. -- another reason I no longer watch CNBC
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