Apple: Sales of Over $ 100 Billion in the Quarter

The maker of the iPhone and iPad, which plans to enter the world of electric vehicles, presented a strong quarter despite restrictions as a result of the corona crisis  Apple did not provide a forecast, but iPhone sales jumped 17% to the new iPhone 12.

Following the close of trading, technology giant Apple released reports tonight (Wednesday) for the first fiscal quarter of the year, which embodies the consequences of the closure in some parts of the world due to the corona, and yet – for the first time in the company’s history – posted sales over $ 100 billion.

Apple posted $ 1.68 earnings per share on revenue of $ 103.28 billion. Analysts had expected earnings of $ 1.41 per share on revenue of $ 103.28 billion.

IPhone sales jumped 17%, thanks in part to the new iPhone 12, and totaled $ 65.6 billion. Apple, on the other hand, did not provide a forward-looking forecast in the shadow of the global crisis.

TheMarker cafe
Revenues from other products, such as the iPhone, iPad and services, also exceeded analysts’ forecasts. Apple’s sales of wearable products totaled $ 12.97 billion – above revenue forecasts of $ 11.8 billion. IPad sales totaled $ 8.44 billion, compared to analysts’ expected revenue of $ 7.57 billion. Its product sales also exceeded forecasts and totaled $ 95.68 billion.

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