Apple reports for the third fiscal quarter of 2020

Apple has reported for the third fiscal quarter of 2020, which ended on June 27. Compared to the same period a year earlier, the company’s revenue was up 11% and its net income per share for the quarter was up 18%.

Apple’s record June quarter was driven by double-digit growth in both products and services and growth in each of our geographic segments.

In challenging times, these metrics are a testament to the important role our products play in our customers’ lives and Apple’s continued innovation. This is a challenging moment for our communities, and in everything from Apple’s new $ 100 million initiative for racial equality and justice to its new commitment to zero carbon footprint by 2030, we are committed to the core principle that everything, what we do and create must provide new creative possibilities and leave behind a better world than it was before us.

Tim Cook

Apple CEO

Moving on to the table with the company’s indicators for the third financial quarter of the last and this year:

Q2019 XNUMX * Q2020 XNUMX *
iPhone 25,986 26,418 (+1,67%)
Poppy 5,820 7,079 (+21,6%)
iPad 5,023 6,582 (+31%)
Wearable Devices, Home and Accessories 5,525 6,450 (+16,7%)
Services 11,455 13,156 (+14,8%)
Total 53,809 59,685 (+10,9%)

* Figures are in billions of US dollars.

Growth statistics by country:

  • USA: revenue growth by 7,26%;
  • Europe: revenue growth by 18,85%;
  • China: indicators remained practically unchanged (about 2%);
  • Japan: revenue growth of 21,66%.

Our June results are compelling evidence of Apple’s ability to innovate and be effective in challenging times. With record business growth, our active device base has reached an all-time high across all our geographic segments and across all major product categories.

Luca Maestri

Apple CFO

Net profit in the third quarter of 2020 is $ 11,25 billion against $ 10,04 billion in the same period last year – an increase of 12%. No forecasts for the next financial quarter were announced for obvious reasons.

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