Flat Apple

Author: EIS Release Date: May 25, 2020


For calendar Q1 (FY Q2) Apple had $58.3 billion revenues for a net profit of $11.2 billion compared to revenue of $58.0 billion and a net profit of $11.6 billion in calendar Q1 2019.

“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,  “in this difficult environment, our users are depending on Apple products in renewed ways to stay connected, informed, creative, and productive.”

In view of the uncertainty, calendar Q2 guidance was not offered.