Apple announces Q4 2020 financial results, reporting revenue of $64.7 billion

Apple has announced financial results for its fiscal 2020 fourth quarter, reporting record September quarter revenue of $64.7 billion and $12.67 billion in profit, as well as record growth in Mac and Services revenue.

iPhone revenue hit $26.44 billion in Q4 2020, down from $33.36 billion in Q4 2019, Services revenue was up from $12.5 billion in Q4 2019 to $14.55 billion in Q4 2020, Mac was up from $6.99 billion in Q4 2019 to $9.03 billion, Wearables, Home, and Accessories was up from $6.52 billion to $7.88 billion, and iPad was up from $4.66 billion in Q4 2019 to $6.79 billion in Q4 2020.

“Apple capped off a fiscal year defined by innovation in the face of adversity with a September quarter record, led by all-time records for Mac and Services,” said Tim Cook, Apple’s CEO. “Despite the ongoing impacts of COVID-19, Apple is in the midst of our most prolific product introduction period ever, and the early response to all our new products, led by our first 5G-enabled iPhone lineup, has been tremendously positive. From remote learning to the home office, Apple products have been a window to the world for users as the pandemic continues, and our teams have met the needs of this moment with creativity, passion, and the kinds of big ideas that only Apple can deliver.”

Apple’s Board of Directors has declared a cash dividend of $0.205 per share of the Company’s common stock. The dividend is payable on November 12, 2020 to shareholders of record as of the close of business on November 9, 2020.

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