Christmas quarter which reached a record level of revenues on all fronts, from services to products. Increased sales in every geographic area!
Apple recently released the quarterly results of the first fiscal quarter of 2020 which ended December 29, 2019. The quarter is the best ever and had a total revenue of $ 91.8 billion.
The first fiscal quarter of 2020 ended on December 29, 2019. Apple had revenue of $ 91.8 billion, a 9% increase from year-over-year comparison, diluted quarterly earnings per share of $ 4.99 , above 19%. The international sales represent 61% of revenue.
“We are excited to announce Apple’s highest quarterly earnings ever, fueled by high demand for our iPhone 11 and iPhone 11 Pro models as well as the all-time record for services and wearables,” said Tim Cook , Apple CEO . “During the holiday season our active base of installed devices has grown in each of our geographic segments and has now reached over 1.5 billion. We consider this a powerful testament to the satisfaction, commitment and loyalty of our customers – a great engine for our growth across the board. “
“Our excellent business performance posted a record net revenue of $ 22.2 billion and generated an operating cash flow of $ 30.5 billion,” said Luca Maestri, Apple CFO . “We also returned nearly $ 25 billion to shareholders during the quarter, including $ 20 billion in share repurchases and $ 3.5 billion in dividends and equivalents, as we maintain our goal of achieving a net liquidity position over time.”
Apple has set guidelines for the second fiscal quarter of 2020:
- Revenue between $ 63.0 billion and $ 67.0 billion
- Gross margin between 38% and 39%
- Operating expenses between 9.6 and 9.7 billion dollars
- Other expenses for $ 250 million
- Tax rate at 16.5%