Apple posts record revenue & other tidbits from earnings call

Apple today announced financial results for its first fiscal quarter of 2020, which corresponds to the fourth calendar quarter of 2019.

Let’s start with this: Apple’s market capitalization has now grown to over $1.4 trillion. Or, to put it another way, Apple’s valuation is now more than Germany’s 30 largest listed companies that make up the DAX index on the Frankfurt Stock Exchange.

I think the appropriate word here is ‘Egads’.

Last year they failed to report a quarterly revenue record for the first time since the iPhone’s 2007 release. This last quarter earnings call was much cheerier – having posted record revenue and a return to profit growth. Accordingly, Apple’s shares jumped 2 percent today in after-market trading.

The tech giant reported revenue rose 9% in the December quarter to $91.82 billion, driven by sales of devices and services connected to the iPhone such as wearables, apps and subscription services. For instance, the wearables earnings category, which includes AirPods, Apple Watch, Beats headphones, HomePod, etc. hit $10 billion, up from $7.3 billion in the year-ago quarter. The addition of a credit card and video-subscription service helped increase sales of services 17%.

Sales of iPhones, which account for more than half of its revenue, rose 8% to $55.96 billion, and the number of active Apple devices world-wide rose to 1.5 billion from 1.4 billion a year ago.

From the man himself:

“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. 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.”

Sweet day for Apple & investors!

Apple’s earnings call details.

Today Apple announced financial results for the 3rd fiscal quarter and 2nd calendar quarter of 2015. And it’s really good, mostly.

Let’s have a look at some of the numbers.

* Total revenue was $49.6 Billion, for this time last year it was $37.4 Billion.

* Total profit (the good stuff) was net $10.7 Billion, for this time last year it was $7.7 Billion.

* That’s profit of $1.85 per diluted share if you’re lucky enough to be an Apple shareholder. Thats up from $1.28 per diluted share a year ago.

* International sales accounted for 64% of revenue.

*Apple announced a dividend payment of $0.52 per share to be paid on August 13th to shareholders of record as of August 10th.

*Apple has an impossible to imagine (but we like to think about Scrooge McDuck’s daily money swim animation) $202.8 billion in cash and marketable securities.

* All this revenue? Mostly from iPhones. Apple sold 47.5 million iPhones during the quarter. For this time last year it sold 35.2 million.

* Mac sales are also up, with 4.8 million units being sold, up from 4.4 million for this time last year.

*The bad news bear came in the form of the iPad, which is still in decline, with sales falling from 13.3 million to 10.9 million.

From the sauce:

“We had an amazing quarter, with iPhone revenue up 59 percent over last year, strong sales of Mac, all-time record revenue from services, driven by the App Store, and a great start for Apple Watch,” said Tim Cook, Apple’s CEO. “The excitement for Apple Music has been incredible, and we’re looking forward to releasing iOS 9, OS X El Capitan and watchOS 2 to customers in the fall.”

Dollar dollar bills, y’all!

Apple earnings call & Apple Watch release update

Tim Cook has had a busy day. But – a pretty good one by all accounts. He had to make the earnings call which covered the first fiscal quarter of 2015. In it, he told financial analysts and investors that not only did Apple sell about 9 million more iPhones than what was expected and forecast, but that they also had reported earnings of $3.06 per share on revenue of $74.6 billion which is way more than anyone was expecting.

According to a consensus estimate from Thomson Reuters, analysts had actually expected Apple to report earnings of about $2.60 a share on $67.69 billion in revenue.

Yeesh.

The iPad was the only soft note in the earnings call, with sales hitting a quieter 21.4 million units instead of the 22.2 million unit estimate. However, Apple’s cash rose to almost $178 billion, up 15 percent from the prior quarter.

Again – Yeesh.

So – to the best news! Straight from the Sauce, Mr Cook himself –

“Development for Apple Watch is right on schedule, and we expect to begin shipping in April… My expectations are very high on it. I’m using it every day and love it and can’t live without it.”

Bam. Bam. Bam. April. Early April, Apple Watch, tech we apparently can’t live without. Excellent! And with a battery that can be charged just by thinking good thoughts. Right Tim?