Apple posted a bumper deal in the last three months of 2020 as it purchased many gadgets during the Christmas period.
Revenue for the quarter ended December 26th increased 21%, up $111.4 billion. Analysts’ expectations have broken $1032.8 billion.
Quarterly earnings per diluted stock increased 35% to $1.68. International sales accounted for 64% of quarterly revenue.
iPhone sales increased amid the release of the iPhone 12. iPhone sales exceeded the estimated $59.8 billion, reaching $65.6 billion. According to Apple executives, the new phones had convinced a record number of customers to switch to the company and upgrade.
According to Apple, China’s sales were particularly strong. Daifahrenheit’s sales skyrocketed by 57%.
The Mac sales reached $8.688 billion. This was in line with the expectations of the $8.69 billion analyst. The iPad sold at $8.444 billion, higher than analysts’ expectations of $7.46 billion.
Apple has declared a dividend of 20.5 cents per share.
Apple CEO Tim Cook said, “We are pleased with the enthusiastic customer response to an unparalleled line of cutting-edge products we have offered during the historic holiday season.”
“We’re looking forward to seeing you in the future,” said Luca Maestri, Apple’s Chief Financial Officer. “Business performance for the December quarter was driven by double-digit growth in each product category, based on active devices.
“These results helped generate record operating cash flows of $38.8 billion, and we also returned over $30 billion to shareholders during the quarter, which is net cash over time. Because we maintain our goal of reaching neutral positions,” he added.
Apple’s shares closed 0.77% lower at 142,06.
