Apple’s biggest holiday quarter revenue ever is also a record-setter in a number of respects, with growth across nearly every one of Apple’s market segments. AppleInsider drills down into the numbers, and puts them in perspective, to show just how well the iPhone maker did in the last quarter.
Revenue and Net Profit
Apple set a new revenue record in its Q1 2020 results, generating $91.8 billion in the period. This equates to approximately 8.9% up from the $84.3 billion earned in Q1 2019, and is even higher than Apple’s own guidance range, which topped out at $89.5 billion.
Net profit reached $22.2 billion for the quarter, up from the $19.96 billion one year prior. This represents a percentage increase of 11.4% year-on-year, higher than the overall revenue gain.
The improvements for both revenue and net profit are a remarkable turnaround from last year, where each shrank 4.5% and 0.5% respectively. The reductions continued into the second quarter, at 5.1% down and 16.4% down year-on-year for each, though it is probable Q2 2020 will again fare better than the previous year.
Read more at AppleInsider.com