Apple cracks $90B in a single quarter for the first time as the iPhone returns to glory<article>
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<p>What a difference a year makes. Just 12 months after Apple surprisingly
revised down its quarterly earnings and
reported 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>
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Apple cracks $90B in a single quarter for the first time as the iPhone returns to glory
