BREAKING: Apple Reports 1Q 2020 Results: $22.2B Profit on $91.8B Revenue, Best Quarter Ever

[tacobell fan]

Apple today announced financial results for its first fiscal quarter of 2020, which corresponds to the fourth calendar quarter of 2019.

For the quarter, Apple posted revenue of $91.8 billion and net quarterly profit of $22.2 billion, or $4.99 per diluted share, compared to revenue of $84.3 billion and net quarterly profit of $20.0 billion, or $4.18 per diluted share, in the year-ago quarter. The quarter was the best in Apple's history in terms of revenue and profit, topping the first fiscal quarter of 2018.

Gross margin for the quarter was 38.4 percent, compared to 38.0 percent in the year-ago quarter, with international sales accounting for 61 percent of revenue. Apple also declared an upcoming dividend payment of $0.77 per share, payable February 13 to shareholders of record as of February 10.
 

“We are thrilled to report Apple’s highest quarterly revenue ever, fueled by strong demand for our iPhone 11 and iPhone 11 Pro models, and all-time records for Services and Wearables,” said Tim Cook, Apple’s CEO. “During the holiday quarter our active installed base of devices grew in each of our geographic segments and has now reached over 1.5 billion. We see this as a powerful testament to the satisfaction, engagement and loyalty of our customers — and a great driver of our growth across the board.”

Apple's guidance for the second quarter of fiscal 2020 includes expected revenue of $63-67 billion and gross margin between 38 and 39 percent.

Apple will provide live streaming of its fiscal Q1 2020 financial results conference call at 2:00 PM Pacific, and MacRumors will update this story with coverage of the conference call highlights.

[tacobell fan]

Join the Earning Call: 

You can also call in to (800) 216-0480 (toll-free) or (323) 794-2150. Please enter confirmation code 313138.

https://www.apple.com/investor/earnings-call/

[Scada]

andulo 1B naku ivochu ga 😀

[tacobell fan]

- iPhone revenue: $56.0B (estimate: $51.9B)

- Services revenue: $12.7B (estimate: $13.0B)

- Wearables / Home etc.: $10.0B (estimate: $11.3B)

- Mac: $7.2B (estimate: $7.0B)

- iPad: $6.0B (estimate: $6.2B)

[tacobell fan]

Apple repurchased $20 billion of its shares in 1Q20. That looks to be tied for the third-largest quarter for buyback in Apple's history.

[ILOVEGIRLS]

Pilli pithinatu 1% lechindhi idhi koda lol

[tacobell fan]

Apple now has $207.06 billion in cash on hand, up slightly from last quarter

[tacobell fan]

[tacobell fan]

17 minutes ago, tacobell fan said:

Join the Earning Call: 

You can also call in to (800) 216-0480 (toll-free) or (323) 794-2150. Please enter confirmation code 313138.

https://www.apple.com/investor/earnings-call/

Call is now Live

[Idassamed]

Andhulo aa apple airpods ke entha vacchayo

[tacobell fan]

2 minutes ago, Idassamed said:

Andhulo aa apple airpods ke entha vacchayo

All wearable's account $10B

[Idassamed]

Just now, tacobell fan said:

All wearable's account $10B

Thank you! 

Great products

[pahelwan]

taco maava nuvvu konnava. Nen kondamu ankuna but chala perigipoindinee year anukuntu lite tiskunna chasss konalsindi maava

[tacobell fan]

Just now, pahelwan said:

taco maava nuvvu konnava. Nen kondamu ankuna but chala perigipoindinee year anukuntu lite tiskunna chasss konalsindi maava

When they do share buyback it will come down but don't ask me when. 

[rajprakashraj]

Already priced in dude!! don't expect much in stock price