Apple Sets September Quarter Record

Posted on October 29, 2020 by Paul Thurrott in Apple with 15 Comments

Apple announced today that it earned a net income of $12.7 billion on revenues of $64.7 billion in the quarter ending September 30. The revenue figure is a record for the September quarter, Apple says.

“Apple capped off a fiscal year defined by innovation in the face of adversity with a September quarter record, led by all-time records for Mac and Services,” Apple CEO Tim Cook said. “Despite the ongoing impacts of COVID-19, Apple is in the midst of our most prolific product introduction period ever … 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.”

The iPhone remains Apple’s biggest business, of course, and in this quarter, it contributed $26.4 billion in revenues, or about 41 percent of Apple’s total revenues. That figure is considerably lower than the $33.4 billion that iPhone took in during the year-ago quarter, but this year Apple launched new iPhones later than it had in past years.

Services surged into second place with $14.5 billion in revenues, with Mac ($9 billion), Wearables ($7.9 billion), and iPad ($6.8 billion) bringing up the rear.