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Home > Tech News > Apple reports a sizeable increase in revenue of $91.8 billion in the first quarter of 2020.
Apple reports a sizeable increase in revenue of $91.8 billion in the first quarter of 2020.

Apple reports a sizeable increase in revenue of $91.8 billion in the first quarter of 2020.

By  Brietta Boatman 2020-02-03 1279 28

[gearbest News] Today, Apple officially announced its results for the first quarter of fiscal 2020. According to the report, apple's first-quarter net revenue was $91.819 billion, up 9% from a year earlier and a record high, while net profit was $22.236 billion, up 11% from a year earlier. It is understood that Apple's first-quarter earnings per share and revenue exceeded Wall Street analysts' expectations. In addition, it is forecast that the results of the second quarter will also exceed expectations.


Apple's results Chart for the first quarter of 2020.

By region, Apple's first-quarter revenue was $41.367 billion in the Americas, $23.273 billion in Europe, $13.578 billion in Greater China, $6.223 billion in Japan and $7.378 billion in the rest of the Asia-Pacific region. Among them, with the exception of Japanese revenue lower than the same period last year, all other regions achieved growth in the same period last year.


Apple's results Chart for the first quarter of 2020.

In terms of different product categories, Apple's revenue from iPhone in the first quarter totaled $55.957 billion, compared with the same period last year; revenue from Mac was $7.16 billion, slightly lower than the same period last year; revenue from iPad was $5.977 billion, down from the same period last year; revenue from wearables, home products and accessories was $10.01 billion, up sharply from the same period last year. Revenue from services was $12.715 billion, nearly $2 billion higher than the same period last year.

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