Apple announces highest quarterly revenue ever of $91.8 billion in Q1 2020
Apple has announced its highest quarterly revenue ever of $91.8 billion during Q1 2020.
Shared today within an update to the Apple Newsroom, the Cupertino tech giant revealed the quarter was made up from $55.96 billion generated by iPhone sales, $12.72 billion from its services devision, $7.16 billion from Mac, $5.98 billion from iPad and $10.01 billion from wearables and accessories, such as Apple Watch, AirPods and HomePod.
Apple CEO Tim Cook said the success of the quarter was “fuelled by strong demand for [the] iPhone 11 and iPhone 11 Pro models, and all-time records for Services and Wearables,”.
“We are thrilled to report Apple’s highest quarterly revenue ever, fueled by strong demand for our iPhone 11 and iPhone 11 Pro models, and all-time records for Services and Wearables,” said Tim Cook. “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.”
The results shared today covers the months of October, November, and December.