Apple Sets September Quarter Record

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.”

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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.

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Conversation 18 comments

  • earlster

    Premium Member
    29 October, 2020 - 5:37 pm

    <p>"net income of $12.7 billion on revenues of $64.7 billion"</p><p>That's a ridiculous margin of 19.6%, not a lot of companies get margins like that.</p>

    • wp7mango

      29 October, 2020 - 5:44 pm

      <blockquote><em><a href="#589603">In reply to earlster:</a></em></blockquote><p>Not as good as Microsoft, which got £13.9 billion income on £37.2 billion revenue. </p>

      • tucotoby

        Premium Member
        29 October, 2020 - 6:08 pm

        <blockquote><em><a href="#589605">In reply to WP7Mango:</a></em></blockquote><blockquote><em>Yep, connections from that last mile and 5G is years out. Still, behold that Azure infrastructure.</em></blockquote><p><br></p>

  • helix2301

    Premium Member
    29 October, 2020 - 7:45 pm

    <p>I remember when rumors where that Apple was selling off their computer business because of the success of the iPhone and iPad now its their third biggest revenue generator. Still behind the iPhone but still a good business for Apple. Bigger than wearables and iPad.</p>

    • Paul Thurrott

      Premium Member
      30 October, 2020 - 8:52 am

      This is the same temporary dynamic we see with Windows PCs this year: Sales are up because of COVID. It’s not a permanent thing.

    • nine54

      Premium Member
      30 October, 2020 - 10:08 am

      <blockquote><em><a href="#589635">In reply to helix2301:</a></em></blockquote><p><br></p><p>Even though their computer business might not have the same growth or TAM as their other markets, Apple's laptops/desktops contribute to the overall "stickiness" of the Apple ecosystem and give customers something else to purchase. </p>

  • lvthunder

    Premium Member
    29 October, 2020 - 9:09 pm

    <blockquote><em><a href="#589640">In reply to truerock2:</a></em></blockquote><p>I can only reply to someone's comments. I've opened a ticket, but they haven't been able to fix it. </p>

  • Noel

    29 October, 2020 - 11:19 pm

    <p>I didn't think I'd see the day that Microsoft once again beat Apple in quarterly income. </p>

  • codymesh

    30 October, 2020 - 12:26 am

    <p>greatest global recession for everyone, except for the megacorporations.</p><p><br></p>

    • Jorge Garcia

      30 October, 2020 - 1:45 am

      <blockquote><em><a href="#589675">In reply to codymesh:</a></em></blockquote><p>Yep. It's amazing how many people are going to be blindsided by what's coming in 2021. Even without the "bug", we were already rapidly approaching the end of the long-term credit cycle.</p>

      • jedwards87

        30 October, 2020 - 8:23 am

        <blockquote><em><a href="#589676">In reply to JG1170:</a></em></blockquote><p>Please tell me what lotto numbers to buy since you seem to be able to predict the future….lol.</p>

        • Jorge Garcia

          30 October, 2020 - 7:53 pm

          <blockquote><em><a href="#589734">In reply to jedwards87:</a></em></blockquote><p>If the lotto worked by trends and Historical charts the way the business cycles do, then I'd gladly predict them for you ;)</p>

  • Martin Sjöholm

    30 October, 2020 - 7:02 am

    <p>In reference to an earlier post in this thread: Here I am on a Surface Pro X with Windows 10 2004 adding new posts like crazy!</p>

  • Martin Sjöholm

    30 October, 2020 - 7:02 am

    <blockquote><em><a href="#589640">In reply to truerock2:</a></em></blockquote><p>I have not had any issue. See my separate post</p>

  • jedwards87

    30 October, 2020 - 8:25 am

    <p>The numbers that were announced yesterday were massively better than the headlines suggested considering the iPhone 12 was delayed.</p>

    • Paul Thurrott

      Premium Member
      30 October, 2020 - 8:42 am

      I’m not sure about headlines, but everyone should understand that the iPhone 12 models were announced a month later than usual and were (will be) released one to two months later than usual and outside of that quarter.

    • Chris_Kez

      Premium Member
      30 October, 2020 - 12:04 pm

      <blockquote><em><a href="#589740">In reply to jedwards87:</a></em></blockquote><p>These results predate the iPhone 12 announcement. The impact of iPhone 12 sales will be seen in January when Apple reports results for the holiday quarter.</p>

  • Paul Thurrott

    Premium Member
    30 October, 2020 - 8:47 am

    Please stop doing this.

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