Categories AlphaGraphs, Earnings, Technology

Apple (AAPL) Q2 Earnings: Key highlights in four charts

Services business hits record high while products business has taken a dive

Apple Inc. (NASDAQ: AAPL) reported its financial results for the quarter ended March 31, 2020, on Thursday. Despite the COVID-19 pandemic’s unprecedented global impact, the results exceeded analysts’ expectations.

Apple posted a 3% decline in earnings for the second quarter of 2020 due to the impact of the COVID-19 pandemic. However, the top-line rose by 1%. International sales accounted for 62% of the quarter’s revenue.

Apple (AAPL) Q2 2020 earnings review

Apple’s board of directors has declared a cash dividend of $0.82 per share of its common stock, an increase of 6%. The dividend is payable on May 14, 2020, to shareholders of record as of the close of business on May 11, 2020. The board has also authorized an increase of $50 billion to the existing share repurchase program.

The company’s retail stores have been closed since early March outside of Greater China amidst the stores reopening in China.

Apple’s products business is remaining under tremendous pressure in the past five quarters. Hardware sales were down across the board with the exception of wearables. However, the services business hits a record high during the second quarter.

Following the earnings release, the stock is down 1.55% in the after-hours trading. Investors were positive about the company’s future as Apple promises buyback and increased dividend.

Past Performance

Apple Q1 2020 Earnings Results

AAPL Q4 2019 Earnings Performance

Most Popular

Micron Technology (MU) Q3 Earnings: Key financials and quarterly highlights

Micron Technology Inc. (NASDAQ: MU) reported third quarter 2022 earnings results today. Revenue increased 16% year-over-year to $8.64 billion. GAAP net income was $2.63 billion, or $2.34 per share, compared

Constellation Brands (STZ): Earnings beat and share structure revamp put brewer in the spotlight

Shares of Constellation Brands Inc. (NYSE: STZ) were down 4% on Thursday despite the company beating expectations on its first quarter 2023 earnings results. The stock has dropped 7% year-to-date.

Infographic: Key highlights from Constellation Brands (STZ) Q1 2023 earnings results

Constellation Brands, Inc. (NYSE: STZ) reported first quarter 2023 earnings results today. Net sales increased 17% year-over-year to $2.3 billion. Net income attributable to CBI was $390 million, or $2.06

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