aster.cloud aster.cloud
  • /
  • Platforms
    • Public Cloud
    • On-Premise
    • Hybrid Cloud
    • Data
  • Architecture
    • Design
    • Solutions
    • Enterprise
  • Engineering
    • Automation
    • Software Engineering
    • Project Management
    • DevOps
  • Programming
    • Learning
  • Tools
  • About
  • /
  • Platforms
    • Public Cloud
    • On-Premise
    • Hybrid Cloud
    • Data
  • Architecture
    • Design
    • Solutions
    • Enterprise
  • Engineering
    • Automation
    • Software Engineering
    • Project Management
    • DevOps
  • Programming
    • Learning
  • Tools
  • About
aster.cloud aster.cloud
  • /
  • Platforms
    • Public Cloud
    • On-Premise
    • Hybrid Cloud
    • Data
  • Architecture
    • Design
    • Solutions
    • Enterprise
  • Engineering
    • Automation
    • Software Engineering
    • Project Management
    • DevOps
  • Programming
    • Learning
  • Tools
  • About
  • Tech

Demand For iPhone 11 Fueled Record-Breaking Q1 2020 Revenue — Apple

  • root
  • March 18, 2020
  • 2 minute read

Apple recorded its highest ever quarterly revenue, with the demand for iPhone 11 and iPhone 11 Pros driving the surge, according to the company’s Q1 2020 report.

A consistent source of strength


Partner with aster.cloud
for your next big idea.
Let us know here.



From our partners:

CITI.IO :: Business. Institutions. Society. Global Political Economy.
CYBERPOGO.COM :: For the Arts, Sciences, and Technology.
DADAHACKS.COM :: Parenting For The Rest Of Us.
ZEDISTA.COM :: Entertainment. Sports. Culture. Escape.
TAKUMAKU.COM :: For The Hearth And Home.
ASTER.CLOUD :: From The Cloud And Beyond.
LIWAIWAI.COM :: Intelligence, Inside and Outside.
GLOBALCLOUDPLATFORMS.COM :: For The World's Computing Needs.
FIREGULAMAN.COM :: For The Fire In The Belly Of The Coder.
ASTERCASTER.COM :: Supra Astra. Beyond The Stars.
BARTDAY.COM :: Prosperity For Everyone.

Apple’s quarterly revenue for the fiscal 2020 first quarter soared at US$ 91.8 billion, the highest ever quarterly revenue recorded. This also translates to an increase of 9 percent from the same quarter in the preceding year.

According to Apple CEO Tim Cook, this achievement was made possible by the immense demand for their recently released iPhone 11 line of smartphones.

“We are thrilled to report Apple’s highest quarterly revenue ever, fueled by strong demand for our iPhone 11 and iPhone 11 Pro models,” Cook said.

The breakdown of the net sales per category is as follows:

From the chart above we can see that at $US 55.96 billion in net revenue, iPhone is the top revenue contributor. It is followed by Services ($ 12.715 billion), Wearables, Home and Accessories ($10.01 billion), Mac ($ 7.16 billion), and iPad ($ 5.98 billion)

Apart from having the highest recorded revenue in this quarter, Apple also has gained the highest net income record.

“Our very strong business performance drove an all-time net income record of $22.2 billion and generated operating cash flow of $30.5 billion,” according to Apple CFO Luca Maestri.

Regaining glory

For almost the entirety of its lifespan, the iPhone has been a major driver of revenue to the company. However, in recent years, the smartphone line suffered from increased competition.

Apple recently hit a seven-year low back in Q3 2019. Afterwards, the company rose back in Q4 2019, which is the holiday season.

Read More  Google I/O 2019 | Michio Kaku on The Future of Humanity

“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,” Cook said.

This growth in the international segment mentioned by Cook is quite significant since international sales were reported to account for 61% of the revenue for the quarter.

Now with record-breaking figures, Apple has shown that it really is on its way to regaining its glory.

Looking ahead

For the second quarter of 2020, Apple provided the following figures as guidance:

  • revenue between $63.0 billion and $67.0 billion
  • gross margin between 38.0 percent and 39.0 percent
  • operating expenses between $9.6 billion and $9.7 billion
  • other income/(expense) of $250 million
  • tax rate of approximately 16.5 percent

Meanwhile, the company’s board of directors also declared a cash dividend of $0.77 per share of Apple’s common stock which is payable on 13 February to shareholders of record as of the close of business on 10 February.

If you are interested, you can view the condensed version of Apple’s consolidated statement of operations here.


For enquiries, product placements, sponsorships, and collaborations, connect with us at [email protected]. We'd love to hear from you!

Our humans need coffee too! Your support is highly appreciated, thank you!

root

Related Topics
  • Apple
  • iPhone
  • iPhone 11
  • Revenue
You May Also Like
Getting things done makes her feel amazing
View Post
  • Computing
  • Data
  • Featured
  • Learning
  • Tech
  • Technology

Nurturing Minds in the Digital Revolution

  • April 25, 2025
View Post
  • Tech

Deep dive into AI with Google Cloud’s global generative AI roadshow

  • February 18, 2025
Volvo Group: Confidently ahead at CES
View Post
  • Tech

Volvo Group: Confidently ahead at CES

  • January 8, 2025
zedreviews-ces-2025-social-meta
View Post
  • Featured
  • Gears
  • Tech
  • Technology

What Not to Miss at CES 2025

  • January 6, 2025
View Post
  • Tech

IBM and Pasqal Plan to Expand Quantum-Centric Supercomputing Initiative

  • November 21, 2024
Black Friday Gifts
View Post
  • Tech

Black Friday. How to Choose the Best Gifts for Yourself and Others, Plus Our Top Recommendations.

  • November 16, 2024
zedreviews-Apple-iPhone-16-Pro-finish-lineup-240909
View Post
  • Featured
  • Gears
  • Tech
  • Technology
  • Tools

Apple debuts iPhone 16 Pro and iPhone 16 Pro Max

  • September 10, 2024
zedreviews-Apple-iPhone-16-Apple-Intelligence-240909
View Post
  • Featured
  • Gears
  • Tech
  • Technology

Apple introduces iPhone 16 and iPhone 16 Plus

  • September 10, 2024

Stay Connected!
LATEST
  • 1
    Just make it scale: An Aurora DSQL story
    • May 29, 2025
  • 2
    Reliance on US tech providers is making IT leaders skittish
    • May 28, 2025
  • Examine the 4 types of edge computing, with examples
    • May 28, 2025
  • AI and private cloud: 2 lessons from Dell Tech World 2025
    • May 28, 2025
  • 5
    TD Synnex named as UK distributor for Cohesity
    • May 28, 2025
  • Weigh these 6 enterprise advantages of storage as a service
    • May 28, 2025
  • 7
    Broadcom’s ‘harsh’ VMware contracts are costing customers up to 1,500% more
    • May 28, 2025
  • 8
    Pulsant targets partner diversity with new IaaS solution
    • May 23, 2025
  • 9
    Growing AI workloads are causing hybrid cloud headaches
    • May 23, 2025
  • Gemma 3n 10
    Announcing Gemma 3n preview: powerful, efficient, mobile-first AI
    • May 22, 2025
about
Hello World!

We are aster.cloud. We’re created by programmers for programmers.

Our site aims to provide guides, programming tips, reviews, and interesting materials for tech people and those who want to learn in general.

We would like to hear from you.

If you have any feedback, enquiries, or sponsorship request, kindly reach out to us at:

[email protected]
Most Popular
  • 1
    Cloud adoption isn’t all it’s cut out to be as enterprises report growing dissatisfaction
    • May 15, 2025
  • 2
    Hybrid cloud is complicated – Red Hat’s new AI assistant wants to solve that
    • May 20, 2025
  • 3
    Google is getting serious on cloud sovereignty
    • May 22, 2025
  • oracle-ibm 4
    Google Cloud and Philips Collaborate to Drive Consumer Marketing Innovation and Transform Digital Asset Management with AI
    • May 20, 2025
  • notta-ai-header 5
    Notta vs Fireflies: Which AI Transcription Tool Deserves Your Attention in 2025?
    • May 16, 2025
  • /
  • Technology
  • Tools
  • About
  • Contact Us

Input your search keywords and press Enter.