Apple Posts Historic First Quarter 2020 Results; iPhone Rebounds, Services Grow

Apple Posts Historic First Quarter 2020 Results; iPhone Rebounds, Services Grow

5 years ago
Anonymous $-riAjkQg_1

https://wccftech.com/apple-first-quarter-2020-earnings-record/

Apple broke records with App Store revenue last month.

Cupertino tech giant Apple Inc (NASDAQ:AAPL) has reported quarterly earnings for its first fiscal quarter of 2020 ending in December last year. The company has posted revenue totaling $91.8 billion, a net income of $22.2 billion and diluted earnings per share of $4.99. Analysts polled prior to today's earnings release expected Apple to earn $88.5 billion in revenue, $20.3 billion in net income and $4.55 in earnings per share. Therefore, as it should be evident, Apple Inc has beaten analyst estimates and its own guidance by a fat margin in its first fiscal quarter of 2020.