Apple hits Q4 revenue high | Major Businesses | Business | News | Rapid TV News
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Apple has announced record fourth quarter revenue of $64.7 billion for its fiscal 2020 ended 26 September, with international sales accounting for 59% of the quarter’s revenue. The company posted quarterly earnings per diluted share of $0.73.
Apple iPhone 11 Pro 11Sep2019

The quarter was led by all-time records for Mac and services according to CEO Tim Cook, who said the company’s fiscal year was defined by innovation in the face of adversity. He added: “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 line-up, 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.”

Added Luca Maestri, Apple’s CFO: “Our outstanding September quarter performance concludes a remarkable fiscal year, where we established new all-time records for revenue, earnings per share, and free cash flow, in spite of an extremely volatile and challenging macro environment. Our sales results and the unmatched loyalty of our customers drove our active installed base of devices to an all-time high in all of our major product categories. We also returned nearly $22 billion to shareholders during the quarter, as we maintain our target of reaching a net cash neutral position over time.”