Apple reports $58.3 billion in revenue during Q2 2020
Apple has announced its Q2 2020 financial results, reporting quarterly revenue of $58.3 billion, an increase of 1 percent from the year-ago quarter, and a new all-time high of $13.3 billion from its Services business.
During the quarter, Apple saw revenue from iPhone sales hit $28.9 billion, Mac sales at $4.36 billion and sales from the Wearables, Home, and Accessories category reach $6.28 billion, with international sales accounting for 62 percent of the quarter’s revenue.
Apple’s ever-growing Services devision saw its revenue hit an all-time high during the quarter, bringing $13.3 billion in revenue, up $2.2 billion over a year ago.
Despite COVID-19’s unprecedented global impact, we’re proud to report that Apple grew for the quarter, driven by an all-time record in Services and a quarterly record for Wearables, said Tim Cook, Apple’s CEO. In this difficult environment, our users are depending on Apple products in renewed ways to stay connected, informed, creative, and productive. We feel motivated and inspired to not only keep meeting these needs in innovative ways, but to continue giving back to support the global response, from the tens of millions of face masks and custom-built face shields we’ve sent to medical professionals around the world, to the millions we’ve donated to organizations like Global Citizen and America’s Food Fund.
Today’s results follow after Apple announced in February that it did not expect to meet the revenue guidance it provided for the March quarter due to supply constraints and poor sales performance caused by COVID-19.
Notably, Apple has not provided any revenue guidance for the upcoming Q3 2020 quarter.