Apple’s Q4 2020 Results
Jason Snell (transcript, also: MacRumors):
Apple announced its quarterly financial results today, with record Mac and Services revenue and a big drop in iPhone sales.
Despite the tough iPhone quarter, revenue was a record for the company’s fourth fiscal quarter, at $64.7B. iPhone revenue was $26.8B, down 20% year over year. Mac revenue was $9B, up 29%. iPad revenue was $6.8B, up 46%. Services revenue was $14.5B, up 16%. And Wearables revenue was $7.9B, up 20.8%.
iPhone being down might largely be explained by the fact that none of this year’s new phones shipped in the quarter. Last year, the iPhones 11 and 11 Pro started shipping September 20.
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Mac being up 29 percent is just fascinating.
Apple ended the year with annual Mac revenue of $28.6 billion, an all-time high.
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In its annual Form 10-K report [PDF], filed with the U.S. Securities and Exchange Commission today, Apple said increased Mac sales in fiscal 2020 compared to fiscal 2019 were primarily due to higher sales of the MacBook Pro.
Previously:
