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Apple reports Q4 results with record Sept quarter revenue Apple

Apple reports Q4 results with record Sept quarter revenue

India Blooms News Service | @indiablooms | 30 Oct 2020, 09:33 am

Washington/Xinhua: Apple on Thursday announced financial results for its fiscal 2020 fourth quarter ended Sept. 26 with record revenue of 64.7 billion US dollars, up by 1 percent year on year.

Its international sales accounted for 59 percent of the quarter's revenue, while Apple's net sales in the Great China region decreased to 7.95 billion dollars from 11.13 billion dollars a year ago, according to Apple's financial statement.

Sales of iPhone amounted to 26.44 billion dollars, down by 21 percent from 33.36 billion dollars a year ago.

Apple's Mac sales increased to 9.03 billion dollars from 6.99 billion dollars a year ago.

The company's services revenue reached 14.55 billion dollars from 12.51 billion dollars year on year.

The company also posted quarterly earnings per diluted share of 0.73 dollars.

"Apple capped off a fiscal year defined by innovation in the face of adversity with a September quarter record, led by all-time records for Mac and Services," said Apple's CEO Tim Cook.

"Despite the ongoing impacts of COVID-19, Apple is in the midst of our most prolific product introduction period ever, and the early response to all our new products, led by our first 5G-enabled iPhone lineup, has been tremendously positive," he noted.

"Our outstanding September quarter performance concludes a remarkable fiscal year, where we established new all-time records for revenue, earnings per share, and free cash flow, in spite of an extremely volatile and challenging macro environment," said Luca Maestri, Apple's CFO.

According to Maestri, Apple returned nearly 22 billion US dollars to shareholders during the quarter, as the company maintained the target of reaching a net cash neutral position over time.

Apple's Board of Directors has declared a cash dividend of 0.205 dollars per share of the company's common stock. The dividend is payable on November 12, 2020 to shareholders of record as of the close of business on November 9, 2020.