Apple reported today that it earned $22.2 billion on record revenues of $91.8 billion in the quarter ending December 31, exceeding estimates in dramatic fashion.
“We are thrilled to report Apple’s highest quarterly revenue ever, fueled by strong demand for our iPhone 11 and iPhone 11 Pro models, and all-time records for Services and Wearables,” Apple CEO Tim Cook said in a prepared statement. “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.”
Sign up for our new free newsletter to get three time-saving tips each Friday — and get free copies of Paul Thurrott's Windows 11 and Windows 10 Field Guides (normally $9.99) as a special welcome gift!
"*" indicates required fields
Apple reported that iPhone revenues grew 7.10 percent to $55.9 billion in the quarter, and the product line is still responsible for over 60 percent of the company’s total revenues. This marks the first time in one year iPhone sales have risen year-over-year.
Wearables and Services also grew in the quarter. Wearables revenues jumped 27 percent to $10 billion in the quarter, while Services grew 14.5 percent to $12.7 billion.
Revenues from Mac and iPad, meanwhile, both fell in the quarter. The Mac saw a 13 percent decline to $7.2 billion, while iPad revenues fell 12.6 percent to $5.9 billion.
CNBC reports that Apple’s stock jumped 3 percent in after-hours trading.
jedwards87
<p>An incredible quarter from an even more incredible company. Way to go Apple. Oh course Paul is probably in a corner somewhere crying…lol.</p>
Stooks
<blockquote><em><a href="#516445">In reply to GT_Tecolotecreek:</a></em></blockquote><p>Once the lower end 13inch Macbooks get the new keyboard update (maybe 14inch screen?) there will be an uptic in Mac sales. I completely hate my 2017 15inch for multiple reasons (USB-C only, lame touch bar, no mag safe) but the keyboard is the major reason that it sits on my desk and work and collects dust while I use my Lenovo T580 all the time now.</p>
Stooks
<blockquote><em><a href="#516581">In reply to Jeffsters:</a></em></blockquote><p>Lol no doubt, just doomed. Apple is transitioning pretty well so far. </p><p><br></p><p>They are milking the Mac market and it slides into oblivion. At some point the profit margins on that declining market will not be enough and Apple will have their iOS powered laptops ready to go. Basically an iPad with mouse support that many have wanted. No more Intel to deal with, everything on one base OS (computer, TV, phones, tablets, watch…etc) all being fed by their growing services market that for the most part only works in their devices.</p>