Technology giant presents strong quarter despite delays due to global corona crisis - with an all-time record • Revenue from the iPhone jumped 17% thanks to the announcement of the new flagship series
Photo: AP
Shattered forecasts:
Apple unveiled its financial results for the last quarter of 2020 during the night (Thursday), in which it presented record results with revenues of $ 111.44 billion - a growth of about 21.4% compared to about $ 91.82 billion in the corresponding quarter last year.
The tech giant's net profit rose 29.3 percent to $ 28.76 billion.
Earnings per share were $ 1.68, compared to forecasts of $ 1.41 per share.
Apple owes its meteoric rise to the launch of its new flagship series, the iPhone 12, which rose 17% to $ 65.6 billion.
At the same time, sales of Macs rose 21.2%, iPads jumped 41.1%, sales of online services - such as Apple Music, cloud service iCloud and Apple TV - rose 24% and sales of wearable products - such as Apple Watch and Airpods - rose -29%.
As you may recall, last August, Apple reached a record high of $ 2 trillion - when the company doubled its value in just two years after its stock rose that year by no less than 122 percent.