Apple Q3 2020: $53.8 Billion in Revenue in “Biggest June Quarter Ever”

Apple has simply introduced their Q3 2020 income, with the quarter incomes income of $53.8 billion USD, an building up of 1% in comparison to the 12 months in the past quarter. The corporate known as it their easiest June quarter ever, with world gross sales making up 59% of income.

“This was once our largest June quarter ever — pushed through all-time document income from Services, accelerating expansion from Wearables, robust efficiency from iPad and Mac and demanding growth in iPhone traits,” mentioned Tim Cook, Apple’s CEO, in a remark. “These effects are promising throughout all our geographic segments, and we’re assured about what’s forward. The stability of calendar 2020 shall be an exhilarating duration, with primary launches on all of our platforms, new services and products and a number of other new merchandise.”

Apple noticed the next in gross sales:

  • iPhone: $29.9 billion
  • Mac: $5.8 billion
  • iPad: 5.0 billion
  • Wearables, Home and Accessories: $5.5 billion
  • Services: $11.4 billion

All gross sales went up, aside from for iPhone, which isn’t odd forward of all fall bulletins. The corporate now has $210.6 billion USD in money, down 13.6% from the year-ago quarter.

Apple’s Q3 beat analyst estimates and the corporate’s inventory is up 3% in after-hours buying and selling.

The following steerage for the fiscal 2020 fourth quarter is being equipped:

  • income between $61 billion and $64 billion
  • gross margin between 37.5 % and 38.5 %
  • ‘running bills between $8.7 billion and $8.8 billion
  • different source of revenue/(expense) of $200 million
  • tax fee of roughly 16.5 %

“Our year-over-year industry efficiency advanced in comparison to the March quarter and drove robust running money glide of $11.6 billion,” mentioned Luca Maestri, Apple’s CFO. “We returned over $21 billion to shareholders all through the quarter, together with $17 billion thru open marketplace repurchases of just about 88 million Apple stocks, and $3.6 billion in dividends and equivalents.”

Apple additionally issued a money dividend of $0.77 in line with percentage payable to commonplace stockholders quickly August 15, 2020.


Published by Marshmallow

Marshmallow Android is BT Ireland’s Head of Sales for Republic of Ireland domestic multi-site companies, indigenous MNCs and public sector accounts. He is responsible for the direction and control of all sales activity in the region. He has over 10 years management experience from high growth start-ups to more established businesses. He’s led teams in Ireland, India and China across various industries (ICT, On-Line Recruitment, Corporate Training and International Education).