Working and schooling from home has led to a rush of computer purchases, to Apple’s benefit. The Mac-maker is set to reveal the results of its most-recent financial quarter on Wednesday, and analysts predict quarterly revenue will break through the $100 billion mark for the first time.
Apple plans to announce on January 27 the financial results from last quarter. This includes the launch of the iPhone 12 series, so it’ll offer the first hard numbers on how well the latest iOS handsets are selling.
The quarter also contains the holiday-shopping season, which traditionally adds enormously to Apple’s bottom line. But 2020 wasn’t a normal year and it’s not yet known how the COVID-19 pandemic affected gifting of Mac, iPad and other products. Apple financial results should clear away the mystery.
COVID-19 both helped and hurt Apple earnings in the company’s most-recent financial quarter. CEO Tim Cook and CFO Luca Maestri discussed the nitty-gritty details of the results Thursday. They also shared what’s really going on with Apple as it tries to keep releasing best-selling products in the middle of a pandemic that’s upended the world economy and ordinary people’s lives.
Here are seven things we learned from Apple’s Q4 2020 earnings call.
Apple pulled in more revenue last quarter than in any previous July-through-September period, despite the COVID-19 pandemic. Growth came from sales of Mac and iPad, as well as revenue from services.
But iPhone revenue was down dramatically because of the delayed release of the iPhone 12 series. That hurt earnings significantly.
Shipments of Macs grew an astonishing 39% during the third quarter of 2020, reports a market-research firm. That’s a far faster growth rate than any of Apple’s rivals.
Still, the entire market for traditional computers — laptops, desktops and workstations — grew 14.6% in the July-through-September period. The reason is, of course, the COVID-19 pandemic forcing people to work or attend school from home.
Apple is reportedly enjoying strong sales of the MacBook Pro, and will increase production in the next few months. Laptop shipments could be up significantly for the third quarter.
All macOS computers seem to be having a strong 2020. In the second quarter of this year, total Mac shipments were up 36%, according to a market-research firm.
Shipments of Apple Macs increased a full 36% year-over-year during the second quarter of 2020, according to a market-research firm. The growth is pegged to individuals, companies and schools buying computers to make remote work and learning possible during the COVID-19 pandemic.
While COVID-19 certainly overshadowed Apple’s most recent financial quarter, the company actually saw an annual increase in revenue, with the growth primarily coming from services and wearables.
Looking ahead, the company predicts that Mac and iPad sales will be strong. And CEO Tim Cook remains confidant about Apple’s future.
Apple pulled in more revenue and profits last quarter than it ever has before. These numbers were buoyed by strong iPhone and wearable sales. But the news isn’t all good.
Check out these charts that show with a glance how the company made its money last quarter.
A quick glance at the Apple Q4 2019 earnings report shows the company just finished a record three months, but a deeper dive into the numbers reveals how Apple managed to pull in more revenue than it ever has in a July-through-September period, including strong increases from wearables, iPad and Services.
Shipments of MacBooks were up almost 20% during the second quarter of this year compared to the same period of 2018, according to a market-research firm.
And the analysts predict another 20% growth in the current quarter, buoyed by the release of the 16-inch MacBook Pro.
The total number of all Apple computers in active use is growing strongly, and is about to pass the 1.5 billion mark. This includes Macs, iPhones, and iPads.
That said, most of the total are iPhones. An industry analyst predicts there will be a billion of these in active use by early next year.
After several rocky quarters, Apple set a new record for third-quarter revenue. Plus there’s good news in iPad and Mac sales. However, iPhone revenue slipped considerably.
Check out these charts that demonstrate with a glance how the company did last quarter.
Intel continues to struggle to provide enough processors to meet demand from PC makers, and one of the victims was Apple. This is likely the cause for a slight drop in Mac shipments during the second quarter of this year.
Apple saw a small but significant year-over year reduction in Mac sales during the first three months of 2019. This wasn’t because customers didn’t want to buy macOS notebooks and desktops however, but because Apple couldn’t get the Intel processors required to produce the computers.
Shipments of Mac laptops and desktops declined last year. Not surprisingly, they were also down last quarter.
Still, it wasn’t just Apple; the entire PC industry contracted slightly in 2018. And it had a very bad Q4.
The third quarter of this year wasn’t a particularly good one for Apple, with Mac sales dropping a significant amount. That doesn’t say positive things about sales of the 2018 MacBook Pro models that debuted this summer.
Still, the company held onto its place as the world’s fourth-largest PC maker.
There’s a lot of good news in Apple’s second earnings report of 2018 that should keep investors happy going into the next quarter.
Revenue during Q2 2018 hit an all-time high for a March quarter at $61.1 billion, thanks in large part to 52.2 million iPhones sold. Apple CEO Tim Cook says iPhone X sales are still killing it, too.
Having long defied the rest of the declining PC industry, Mac sales have finally begun to fall. A new report from Gartner claims Mac sales declined 4.9 percent in this year’s second quarter.
Apple has once again been named the No. 1 seller of PCs, based on shipments of just over 14 million units in the first three months of 2016.
The study comes courtesy of independent analysts Canalys, which claim that worldwide PC shipments — which it defines as being desktops, notebooks, two-in-ones and tablets — totaled 101 million units this quarter. That means that, broadly speaking, seven out of every 50 PCs sold bore the Apple brand.
Apple was the only major personal computer maker that didn’t see a global sales decline during the holiday quarter, claims new research carried out by analysts at Gartner.
Apple is scheduled to reveal its earnings for the final fiscal quarter of 2015 on Tuesday, October 27, and investors are expecting monstrous results.
Sales of the iPhone 6s and iPhone 6s Plus should boost revenues to new heights after Apple announced that it sold a record 13 million units of the new devices during launch weekend alone. Exactly how many iPhones Apple sold won’t be revealed until the bell closes, but Tim Cook seemed pretty optimistic in a recent interview.
Cook told The Wall Street Journal that Apple Watch shipped even more watches last quarter than in the first quarter. It’s unlikely Apple will give us the actual Apple Watch sales figures during the earnings call, but there should be a lot of juicy Apple bits.
Here’s everything to expect from Apple’s Q4 2015 earnings:
Apple just announced record-breaking iPhone 6s sales, but according to a new report, the Mac may not be showing quite the same upward trajectory.
Research firms Gartner and IDC both claim Mac sales have slowed to their lowest rate since late 2013, although they disagree about the extent.
It may not be quite the 8K iMac rumored earlier this summer, but Apple is set to refresh its iMac lineup this quarter with faster processors and improved displays, according to ever-reliable KGI Securities analyst Ming-Chi Kuo.
Just days after word broke that Apple had decided to withdraw its products from the EPEAT registry, San Francisco announced that the city would will stop procurement of Apple’s Mac desktops and notebooks. The move may be the first of many such announcements as many local, state, and federal agencies mandate purchases of only computers that meet the EPEAT criteria.
Apple’s decision to remove 39 of its products from the registry is puzzling to many considering that Apple is very vocal and transparent about the environmental friendliness of its products and processes. Apple was also one of the companies that helped create the EPEAT standards in 2006.