Apple maintains growth in June quarter, revenues up 11% on demand for Mac, iPad

News Wireless Global 31 JUL 2020
Apple maintains growth in June quarter, revenues up 11% on demand for Mac, iPad

Apple reported a solid set of results for its fiscal third quarter to June. Revenues rose 11 percent to USD 59.7 billion, and earnings increased 18 percent to USD 2.58. The company maintained its dividend at 82 cents a share and announced plans for a four-for-one share split to make its share price more accessible. 

Sales of the iPhone rose a modest 1.7 percent to USD 26.4 billion, supported by the launch of the more affordable iPhone SE model during the quarter. The move to home working during the coronavirus crisis drove Mac revenues 21.6 percent higher to USD 7.1 billion, and iPad sales increased 31 percent to USD 6.6 billion. Services revenue rose 14.8 percent to USD 13.2 billion. 

Apple also showed growth across all its geographic markets. Sales in the Americas were up 7.8 percent to USD 27.0 billion, and revenue in Europe jumped 18.9 percent to USD 14.2 billion. In China, revenues grew a slower 1.9 percent to USD 9.3 billion. 

The company did not provide a forecast for the fiscal fourth quarter. Normally it would announce new iPhone models during that quarter, but a report from Qualcomm suggested the latest Apple series may be slightly delayed. Apple CFO Luca Mestri confirmed in a call with analysts that the new iPhones would be a few weeks later than the end-September launch in 2019. 

Categories:

Mobile

Companies:

Apple

Regions:

Global

Tags:

Financial figures, Consumer devices, Handsets

Related Articles

GLOBAL 27 JUL 2021

Apple quarterly revenues up 36% with new sales records in all regions

Apple announced revenues of USD 81.4 billion for its fiscal third quarter to June, up 36 percent from a year earlier. While growth slowed from the 54 percent annual increase in sales in the previous quarter, Apple said it set new revenue records in all regions. The company's net profit nearly doubled, to USD 21.7 billion from USD 11.3 billion in the same period of 2020, and Apple maintained the quarterly dividend at 22 cents a share.

GLOBAL 27 JAN 2021

Apple quarterly revenues jump 21% on strong demand for 5G iPhones

Apple reported a strong improvement in sales in its fiscal first quarter to December, with revenues up 21 percent year-on-year to a new record of USD 111.4 billion. The launch of the 5G iPhone 12 series in October contributed to over 17 percent growth in iPhone revenues to USD 65.6 billion, and Apple's expanding range of subscription services and consumer demand for entertainment drove services revenue 24 percent higher to USD 15.8 billion. 

GLOBAL 11 NOV 2020

Apple introduces own M1 chip for new line of Macs

Apple has introduced its own Arm-based processor for its new line-up of Mac computers, moving away from Intel chips. The company also announced that iOS apps will be able to run on the new generation of Mac computers. 

GLOBAL 30 OKT 2020

Apple quarterly revenue growth slows to 1% as iPhone, China sales fall

Apple reported revenues of USD 64.7 billion for its fiscal fourth quarter to September, up just 1 percent from a year earlier. Growth came from Mac computers and services, offsetting a drop in iPhone sales ahead of the release of new products in October. The company's net profit fell to USD 12.7 billion from USD 13.7 billion on an increase in R&D and other operating costs. 

GLOBAL 14 OKT 2020

Apple introduces four iPhone 12 models with 5G

Apple has unveiled its first 5G iPhones. The iPhone 12 and iPhone 12 Pro models go on pre-sale from 16 October in over 30 countries and will be in stores from 23 October. The iPhone 12 Mini and iPhone 12 Pro Max start orders 06 November and launch on 13 November. Prices range from USD 799 to USD 1,099, and availability in more countries will start from the end of October.

GLOBAL 7 OKT 2020

Apple announces media event for 13 October, first 5G iPhone expected

Apple has sent out invitations for a media event on 13 October. The company is widely expected to present a new generation of iPhones, which will go on sale in time for the year-end shopping season. 

GLOBAL 9 SEP 2020

Apple announces media event for 15 September

Apple has sent out a media invite for a virtual product launch planned for 15 September. No further details were provided, but the company is expected to present a range of new products, including an iPad, Apple Watch and HomePod speaker. The new series of iPhones has been delayed to October.

GLOBAL 5 AUG 2020

Apple names new marketing chief

Apple's marketing chief Phil Schiller is stepping down to take a smaller role at the company. The company promoted Greg (Joz) Joswiak, a longtime leader within the Product Marketing organization, to the executive team as his replacement in the role of senior vice president Worldwide Marketing.

GLOBAL 30 JUL 2020

Qualcomm earnings fall less than expected, reaches new licensing deal with Huawei

Qualcomm reported results for its fiscal third quarter to June down sharply from a year earlier, due to the slump in the mobile phone market. Nevertheless, earnings fell less than the company's guidance, to USD 0.74 from USD 1.75 a year ago, and Qualcomm said it ended its long-running licensing dispute with Huawei with a new agreement. 

EUROPE 15 JUL 2020

Apple wins appeal against EU ruling on Irish tax base

Ireland has won an appeal against the European Commission's decision that the country gave Apple illegal state aid through advance tax rulings. The EU's General Court upheld the appeal brought by Ireland and Apple and said the Commission had not shown Apple was given an unfair advantage over other businesses. 

GLOBAL 23 JUN 2020

Apple to allow appeals in App Store review process

Apple has shown some new systems it will be making available to app developers, in an effort to open up the iOS platform to more input from app publishers. The announcement was made during the company's World Wide Developers Conference (WWDC), where it also unveiled iOS 14 and its own Arm-based chips for Macs. 

GLOBAL 23 JUN 2020

Apple unveils iOS 14 for iPhones, new watch OS 7

Apple has unveiled its latest operating system for iPhones, the new iOS 14, which will be suitable for all iPhones released from 2015 (iPhone 6S and up) and iPod Touch (from 7th generation). A developer preview of the iOS is available for Apple Developer Program members, with a public beta coming out next month for iOS users. New software features will available this fall as a free software update. The announcement was made during the company's World Wide Developer Conference (WWDC). 

GLOBAL 16 JUN 2020

Apple App Store ecosystem generated USD 519 bln in billings and sales in 2019

Apple said that its App Store ecosystem supported USD 519 billion in billings and sales last year. The figures come from a study conducted by independent economists at Analysis Group. Of the total, 85 percent went to third-party developers and businesses, with no commission for Apple. The highest value categories were mobile commerce (m-commerce) app, digital goods and services apps, and in-app advertising. 

UNITED STATES 7 MEI 2020

Apple gives USD 10 mln to Copan Diagnostics, in fight against coronavirus

Apple said it has awarded USD 10 million from its Advanced Manufacturing Fund to Copan Diagnostics, a specialist in infectious disease diagnostics. The company makes sample collection kits, including swabs, that are being used to diagnose covid-19, among other diseases. It collects, transports, preserves and can even freeze specimens long-term. The money will help the company expand its production of sample collection kits for hospitals across the US, from several thousand to over 1 million kits per week, b

GLOBAL 1 MEI 2020

Apple increases dividend, share buybacks amid in-line Q1

Apple reported revenues for its fiscal second quarter to end March in line with expectations, up 1 percent year-on-year to USD 58.313 billion, but said service revenues reached a new all-time high of USD 13.348 billon (from 11.450 billion) and that wearables also reached record levels. Earnings per share lifted 4 percent meanwhile to USD 2.55. International sales accounted for 62 percent of total revenues and the operating cash flow increased by USD 2.2 billion to 13.3 billion. As a result, the company has

Just In

16:42

SLT-Mobitel launches 5G network in Sri Lanka

16:19

Dialog Axiata launches 5G network, connects 1.5 million subscribers

15:56

UK govt to ban AI-enabled nudification apps to protect women, girls

15:42

3 UK launches last-minute Christmas sale

Commentary

13:56

Video market set for slower growth ahead

11:38

Netflix buys Warner Bros to deepen content catalogue

11:11

KPN's mixed performance in Q3 raises questions for strategy day

15:26

Stock markets breaking records but what happened to Odido's IPO plans?

Background

01:04

The week in telecom: Wi-Fi bolt-ons take off to boost broadband growth, video market works on consolidation

01:39

The week in telecom: Netflix wins bidding for Warner Bros, Apple poaches new execs, Samsung debuts trifold

13:51

Proximus vs. Telenet: Proximus performs better in Q3 while Telenet uses up cash

14:16

Proximus Domestic still struggling with low margins

Complete profile

Before downloading the whitepaper, we would like to ask you to complete your profile with company and position. After confirming you will receive the white paper.