Apple Mac, Services hit new all-time highs during September quarter

By news@appleinsider.com (Mike Peterson) Apple’s Mac and Services segments reached all-time record highs during the company’s fourth fiscal quarter of 2020, smashing previous records in both sectors.Credit: Andrew O’Hara, AppleInsiderThe company reported Services revenue of $14.5 billion during the period, topping the previous record of $13.3 billion. Apple’s Mac segment brought in more than $9 billion in revenue, up significantly from the previous record of $7.4 billion and 29% year-over-year….

Source:: Apple Insider

      

Apple’s $64.7B Q4 beats Street estimate, but China sales flag

By news@appleinsider.com (Malcolm Owen) Apple’s revenue in the fourth and final quarter of the fiscal year 2020 reached $64.7 billion, the iPhone maker revealed on Thursday, with the quarter also resulting in Apple’s highest annual revenue figure.Announced by Apple ahead of a customary conference call with analysts, Apple earned $64.7 billion for the quarter ending September 2020, an increase of about 1% from the $64 billion earned last year. Earnings-per-share for the quarter reached $0.73, down from the $3.03 seen in pre-stock split Q4 2019.The gross margin of $24.7 billion is up from the $24.3 billion seen in Q4 2019, while operating expenses hit $9.9 billion….

Source:: Apple Insider