Apple Reports Record First Quarter Results

Apple has posted a quarterly revenue of $91.8 billion, an increase of 9 percent from the year-ago quarter and an all-time record.

The company announced financial results for its fiscal 2020 first quarter ended 28 December 2019 on Wednesday. 

CEO Tim Cook says international sales accounted for 61 percent of the quarter’s revenue.

“We are thrilled to report Apple’s highest quarterly revenue ever, fuelled by strong demand for our iPhone 11 and iPhone 11 Pro models, and all-time records for Services and Wearables.” 

Cook says during the holiday quarter, Apple’s active installed base of devices grew in each of the geographic segments and has now reached over 1.5 billion. 

Cook says this as a powerful testament to the satisfaction, engagement and loyalty of Apples customers and a great driver of the company’s growth across the board.