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Title: Apple cracks $90B in a single quarter for the first time as the iPhone returns to glory Post by: HCK on January 29, 2020, 04:05:12 pm Apple cracks $90B in a single quarter for the first time as the iPhone returns to glory
<article> <section class="page"> <p>What a difference a year makes. Just 12 months after Apple surprisingly revised (https://www.macworld.com/article/3330563/apple-cuts-q1-2019-earnings-estimates-blames-everyone-but-itself.html) down its quarterly earnings and reported (https://www.macworld.com/article/3336868/apple-first-quarter-2019-results.html) lagging iPhone sales, the grass is much greener on this side of the calendar. You might say Midnight Greener.</p><p>For Apple’s <a href="https://www.apple.com/newsroom/2020/01/apple-reports-record-first-quarter-results/" rel="nofollow">first fiscal quarter of 2020[/url] (which includes the final three months of 2019), the company posted record revenue of $91.8 billion, topping its own estimates and besting last year’s holiday quarter by nearly 10 percent. iPhone sales alone were up more than 7 percent, as the iPhone 11 and iPhone 11 Pro proved to be strong holiday sellers. That’s not quite a record—Apple sold $61 billion worth of iPhones in the 2018 holiday quarter—but it’s the strongest results in two years.</p><p class="jumpTag"><a href="/article/3518448/apple-cracks-90b-in-a-single-quarter-for-the-first-time-as-the-iphone-returns-to-glory.html#jump">To read this article in full, please click here[/url]</p></section></article> Source: Apple cracks $90B in a single quarter for the first time as the iPhone returns to glory (https://www.macworld.com/article/3518448/apple-cracks-90b-in-a-single-quarter-for-the-first-time-as-the-iphone-returns-to-glory.html#tk.rss_all) |