Categories Earnings, Technology

Apple (AAPL) reports record-high Q1 revenue as iPhone sales rise 8%; stock gains

Apple Inc. (NASDAQ: AAPL) Tuesday reported positive results for the first quarter of 2020. Earnings moved up 19% aided by record-high revenues and surpassed Wall Street’s prediction, driving the tech giant’s stock higher during the after-market session.

Apple (AAPL) reports record-high Q1 revenue as iPhone sales rise 8%

Revenue from product sales rose 8% annually and service revenue advanced 17%. Consequently, net revenues moved up 9% to an all-time high of $91.8 billion, surpassing the consensus estimate. International sales accounted for 61% of the total revenues.

iPhone Shines

The top-line growth was driven mainly by strong demand for the iPhone 11 and iPhone 11 Pro models, supported by solid performance by the wearables and service segments.

iPhone sales increased 8% to $55.96 billion in the first three months of 2020. Wearables, Home & Accessories sales were up 37%. Meanwhile, sales of Mac and iPad dropped 3% and 11% respectively from the year-ago period.

Earnings up 19%

At $4.99 per share, first-quarter earnings were up 19% year-over-year and above the market’s estimate. Net income rose to $22.24 billion from $19.97 billion in the first quarter of 2019.

Apple iPhone revenue change

Apple’s CEO Tim Cook said, “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.”

Outlook

The management currently expects revenues to be in the range of $63 billion and $67 billion in the second quarter of 2020, when operating expense is estimated to range from $9.6 billion to $9.7 billion. Other income is forecast to be at $250 million and tax rate at 16.5%.

During the quarter, Apple returned about $25 billion to shareholders, including $20 billion in share repurchases and $3.5 billion in dividends and equivalents. Also, the board of directors declared a cash dividend of $0.77 per share, to be paid on February 13, 2020, to shareholders of record on February 10, 2020.

Related: Apple Q4 2019 Earnings Conference Call Transcript

Apple shares have outperformed the S&P 500 index consistently for about two years. Last week, they reached a new high but pared most of the gains later. The stock closed Tuesday’s regular trading higher and continued to gain during the extended session.

Follow our Google News edition to get the latest stock market, earnings and financial news at your fingertips

Most Popular

Earnings Preview: What to look for when Broadcom (AVGO) reports Q1 results

Broadcom, Inc. (NASDAQ: AVGO) will be releasing its first-quarter results next week. Over the years, the company constantly broadened its portfolio beyond semiconductors to areas like enterprise software solutions, a

Here’s a look at Lowe’s (LOW) expectations for the near term and ahead

Shares of Lowe’s Companies, Inc. (NYSE: LOW) were up over 1% on Friday. The stock has gained 19% over the past three months. The home improvement retailer saw sales and

TJX Companies (TJX) Q4 2024 profit jumps on strong revenue growth

The TJX Companies, Inc. (NYSE: TJX) has reported a double-digit increase in net income for the fourth quarter of 2024 when the fashion retailer's net sales grew 13%. Fourth-quarter sales

Comments

  1. Pingback: teak furniture
  2. Pingback: teak furniture
  3. Pingback: teak furniture
  4. Pingback: ไฮโล
  5. Pingback: Heavy-R
  6. Pingback: Heavy News
  7. Pingback: tiktok 18
  8. Pingback: ff tools
  9. Pingback: ff tool hack
  10. Pingback: anita
  11. Pingback: zwitsal
  12. Pingback: épave automobile
  13. Pingback: épave automobile
  14. Pingback: Epaviste
  15. Pingback: Epaviste gratuit
  16. Pingback: enlevement epave
  17. Pingback: épave automobile
  18. Pingback: épave automobile
  19. Pingback: enlevement epave
  20. Pingback: Epaviste gratuit
  21. Pingback: épave automobile
  22. Pingback: enlevement epave
  23. Pingback: Epaviste gratuit
  24. Pingback: Epaviste
  25. Pingback: คาสิโน
  26. Pingback: naza
  27. Pingback: เว็บ123
  28. Pingback: ไพ่แคง
  29. Pingback: sexy
  30. Pingback: sa casino
  31. Pingback: kanha gummies nano
  32. Pingback: vape carts
  33. Pingback: Weed Delivery
  34. Pingback: ps 5 for sale
  35. Pingback: white runtz
  36. Pingback: pink runtz
  37. Pingback: FLINTLOCK PISTOL
  38. Pingback: 4k wallpapers cool
  39. Pingback: vaseline
  40. Pingback: Buy This Domain
  41. Pingback: classic books
  42. Pingback: trade show models
  43. Pingback: atmosphere models
  44. Pingback: mango juul pod
  45. Pingback: Japanese Whisky
  46. Pingback: Buy This Domain
  47. Pingback: Hp Laptops
  48. Pingback: russian books
  49. Pingback: buy weed in dubai
  50. Pingback: concerta for sale
  51. Pingback: dexedrine for sale
  52. Pingback: slayer sneakers
  53. Pingback: slayer sneakers
  54. Pingback: w320axgf-9-bxr3-r2
  55. Pingback: Decorative tile
  56. Pingback: Wood tile floor
  57. Pingback: lowes tiles
  58. Pingback: Buy Crack Online
  59. Pingback: Wikipedia
  60. Pingback: spa facial machine
  61. Pingback: entertainment news
  62. Pingback: Trending videos
  63. Pingback: Trending news
  64. Pingback: rime news
  65. Pingback: disclaimer
  66. Pingback: ealth news
  67. Pingback: news
  68. Pingback: visit this site
  69. Pingback: hop over to here
  70. Pingback: use this link
  71. Pingback: american diploma
  72. Pingback: study in egypt
  73. Pingback: Glock 17 for Sale
  74. Pingback: Firearms Site
  75. Pingback: SpytoStyle.Com
  76. Pingback: SpytoStyle.Com
  77. Pingback: lmhmod
  78. Pingback: sieuno
  79. Pingback: 88vin.shop
  80. Pingback: 1r88.vip
  81. Pingback: tải game bài
  82. Pingback: so em xui
  83. Pingback: obd tracking
  84. Pingback: excel là gì
  85. Pingback: Vẽ chân dung
  86. Pingback: Học là mc
  87. Pingback: tiếng trung
  88. Pingback: đắc nhân tâm
  89. Pingback: vnhoi
  90. Pingback: vnhoi
  91. Pingback: vnhoi
  92. Pingback: vnhoi
  93. Pingback: future university
  94. Pingback: fue
  95. Pingback: Local Movers
  96. Pingback: packages to Serbia
  97. Pingback: Doha News
  98. Pingback: Barrett M82
  99. Pingback: GLOCK 23 For Sale
  100. Pingback: GLOCK 17
  101. Pingback: GLOCK 17
  102. Pingback: GLOCK 42 For Sale
  103. Pingback: Armalite AR10
  104. Pingback: Barrett M82A1
  105. Pingback: Cousinpat
  106. Pingback: oneway anova stata
  107. Pingback: asana vs monday
  108. Pingback: Mohare Danda Trek
  109. Pingback: Trekking in Nepal
  110. Pingback: Helambu Trek
  111. Pingback: Gokyo Lake Trek
  112. Pingback: ???? ?????
  113. Pingback: ???? ?????
  114. Pingback: ???? ?????
  115. Pingback: ???? ?????
  116. Pingback: ???? ?????
  117. Pingback: ???? ?????
  118. Pingback: ???? ?????
  119. Pingback: ???? ?????
  120. Pingback: ???? ?????
  121. Pingback: Future University
  122. Pingback: FUE
  123. Pingback: Fitness Info
  124. Pingback: Healthcare tips
  125. Pingback: Fitness Info
  126. Pingback: curly hair
  127. Pingback: Health Guide
  128. Pingback: Future University
  129. Pingback: dumont
  130. Pingback: onOverseas
  131. Pingback: onOverseas
  132. Pingback: onOverseas
  133. Pingback: onOverseas
  134. Pingback: onOverseas
  135. Pingback: onOverseas
  136. Pingback: onOverseas
  137. Pingback: onOverseas
  138. Pingback: onOverseas
  139. Pingback: onOverseas
  140. Pingback: onOverseas
  141. Pingback: onOverseas
  142. Pingback: onOverseas
  143. Pingback: onOverseas
  144. Pingback: onOverseas
  145. Pingback: onOverseas
  146. Pingback: onOverseas
  147. Pingback: onOverseas
  148. Pingback: onOverseas
  149. Pingback: Innovation Center
  150. Pingback: LV Replicas
  151. Pingback: 1:1 Replica Watch
  152. Pingback: fue
  153. Pingback: future university
  154. Pingback: future university
  155. Pingback: future university
  156. Pingback: fue
  157. Pingback: fue
  158. Pingback: future university
  159. Pingback: fue
  160. Pingback: Lincoln Georgis
  161. Pingback: future university
  162. Pingback: Bluehost review
  163. Pingback: Pencil Packing Job
  164. Pingback: future university
  165. Pingback: fue
  166. Pingback: fue
  167. Pingback: parcours ninja
  168. Pingback: parcours ninja
  169. Pingback: parcours ninja
  170. Pingback: pectoral machine
  171. Pingback: fue
  172. Pingback: chat ave
  173. Pingback: foto diamond ff
  174. Pingback: UAE Web designer
  175. Pingback: Cory Chase
  176. Pingback: betway slots
  177. Pingback: birutoto rtp slot
  178. Pingback: Write my essay
  179. Pingback: valentine pillow
  180. Pingback: แทงบอล
  181. Pingback: Click Here
  182. Pingback: Click Here
  183. Pingback: Click Here
  184. Pingback: Click Here
  185. Pingback: Click Here
  186. Pingback: Click Here
  187. Pingback: bandar slot88
  188. Pingback: Click Here
  189. Pingback: Click Here
  190. Pingback: Click Here
  191. Pingback: Click Here
  192. Pingback: Click Here
  193. Pingback: Click Here
  194. Pingback: Click Here
  195. Pingback: Click Here
  196. Pingback: Click Here
  197. Pingback: Click Here
  198. Pingback: Click Here
  199. Pingback: Click Here
  200. Pingback: Click Here
  201. Pingback: Click Here
  202. Pingback: spaceros
  203. Pingback: moveit studio
  204. Pingback: Click Here
  205. Pingback: Click Here
  206. Pingback: Click Here
  207. Pingback: Click Here
  208. Pingback: Click Here
  209. Pingback: Click Here
  210. Pingback: Click Here
  211. Pingback: Click Here
  212. Pingback: Click Here
  213. Pingback: Click Here
  214. Pingback: Click Here
  215. Pingback: Click Here
  216. Pingback: Click Here
  217. Pingback: Click Here
  218. Pingback: Click Here
  219. Pingback: Click Here
  220. Pingback: Click Here
  221. Pingback: Click Here
  222. Pingback: Click Here
  223. Pingback: Click Here
  224. Pingback: Click Here
  225. Pingback: Click Here
  226. Pingback: Click Here
  227. Pingback: indobet slot
  228. Pingback: Click Here
  229. Pingback: Click Here
  230. Pingback: Click Here
  231. Pingback: Click Here
  232. Pingback: banger mac 1
  233. Pingback: Click Here
  234. Pingback: Click Here
  235. Pingback: Click Here
  236. Pingback: Click Here
  237. Pingback: Click Here
  238. Pingback: Click Here
  239. Pingback: Click Here
  240. Pingback: Click Here
  241. Pingback: Click Here
  242. Pingback: Click Here
  243. Pingback: Click Here
  244. Pingback: Click Here
  245. Pingback: Glucotrust Reviews
  246. Pingback: premium-domains
  247. Pingback: domain-names
  248. Pingback: start a business
  249. Pingback: Google reviews
  250. Pingback: 2023 Books
  251. Pingback: death
  252. Pingback: IRA Empire
  253. Pingback: Chirurgie Tunisie
  254. Pingback: Chirurgie Tunisie
  255. Pingback: 해외선물 뜻
  256. Pingback: Quality standards
  257. Pingback: fue
  258. Pingback: Public opinion
  259. Pingback: Vacuum pumps
  260. Pingback: الصيادلة
  261. Pingback: Dental clinics
  262. Pingback: Khalid Azazy
  263. Pingback: Faculty expertise
  264. Pingback: Rota evaporators
  265. Pingback: Higher education
  266. Pingback: pull ups
  267. Pingback: Fiverr Earn
  268. Pingback: Fiverr Earn
  269. Pingback: Fiverr Earn
  270. Pingback: Hooled strip led
  271. Pingback: fiverrearn.com
  272. Pingback: fiverrearn.com
  273. Pingback: shipping broker
  274. Pingback: cortexi mediprime
  275. Pingback: fiverrearn.com
  276. Pingback: fiverrearn.com
  277. Pingback: chiweenie
  278. Pingback: seo in Bahrain
  279. Pingback: jewelry
  280. Pingback: bewerto
  281. Pingback: pennsylvania clima
  282. Pingback: future university
  283. Pingback: future university
  284. Pingback: future university
  285. Pingback: future university
  286. Pingback: future university
  287. Pingback: golf cart mexico
  288. Pingback: FiverrEarn
  289. Pingback: fue
  290. Pingback: lean manufacturing
  291. Pingback: FUE
  292. Pingback: FUE
  293. Pingback: FUE
  294. Pingback: FUE
  295. Pingback: Smooth transitions
  296. Pingback: FiverrEarn
  297. Pingback: FiverrEarn
  298. Pingback: Fiverr
  299. Pingback: FiverrEarn
  300. Pingback: FiverrEarn
  301. Pingback: Coach
  302. Pingback: FiverrEarn
  303. Pingback: partners
  304. Pingback: FiverrEarn
  305. Pingback: FiverrEarn
  306. Pingback: FiverrEarn
  307. Pingback: live sex cams
  308. Pingback: live sex cams
  309. Pingback: live sex cams
  310. Pingback: FiverrEarn
  311. Pingback: FiverrEarn
  312. Pingback: FiverrEarn
  313. Pingback: FiverrEarn
  314. Pingback: FiverrEarn
  315. Pingback: FiverrEarn
  316. Pingback: FiverrEarn
  317. Pingback: FiverrEarn
  318. Pingback: what is seo
  319. Pingback: dictionary
  320. Pingback: shopping cart
  321. Pingback: Situs Slot Online
  322. Pingback: Slot Thailand
  323. Pingback: Kuliah Termurah
  324. Pingback: FiverrEarn
  325. Pingback: FiverrEarn
  326. Pingback: FiverrEarn
  327. Pingback: FiverrEarn
  328. Pingback: red boost scam
  329. Pingback: cheap sex cams
  330. Pingback: fullersears.com
  331. Pingback: fullersears.com
  332. Pingback: live sex cams
  333. Pingback: live sex cams
  334. Pingback: live sex cams
  335. Pingback: rare breed-trigger
  336. Pingback: 늑대닷컴
  337. Pingback: Slot online iOS

Comments are closed.

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top