Apple has just published its financial results for Q4 2020. The company posted revenue of $64.7 billion. Apple CEO Tim Cook said:
“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,” said Tim Cook, Apple’s CEO. “Despite the ongoing impacts of COVID-19, Apple is in the midst of our most prolific product introduction period ever, and the early response to all our new products, led by our first 5G-enabled iPhone lineup, has been tremendously positive. 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.”
Estimates and Expectations for Q4 2020
Due to the uncertainty caused by the global pandemic, Apple did not provide financial guidance for Q4 2020 during its last earnings call.
Going into today’s call, though, Yahoo Finance said that:
AAPL is expected to report adjusted earnings of $0.71, down from $0.76 in the prior-year quarter, according to third-party consensus analyst estimates. Revenue is projected at $64.1 billion, roughly flat versus a year ago.
Graphical Visualization
After the break, we’ve compiled a graphical visualization of Apple’s Q4 2020 financial results.
Apple Q4 2020 on Twitter
Next quarter will be a monster for Apple. Non-iPhone growth was 25% in the fall quarter. With the iPhone 12 delayed demand the overall growth will probably be higher.
— Horace Dediu (@asymco) October 29, 2020
A $9B revenue quarter for Mac is remarkable. It’s an all-time quarterly record for the product category, exceeding the previous record by 20%+. And that’s prior to Macs powered by Apple Silicon.
— Neil Cybart (@neilcybart) October 29, 2020
Apple’s fourth quarter revenue:
2020: $64.7 billion
2019: $64.0 billion
2018: $62.9 billion
2017: $51.9 billion
2016: $46.8 billion
2015: $51.5 billion
2014: $42.1 billion
2013: $37.4 billion
2012: $35.9 billion
2011: $28.2 billion
2010: $20.3 billion
2009 $12.2 billion— Jon Erlichman (@JonErlichman) October 29, 2020
- iPhone revenue: $26.4B (my estimate: $31.3B)
- Services revenue: $14.5B (my estimate: $14.3B)
- Wearables / Home etc.: $7.9B (my estimate: $7.7B)
- Mac: $9.0B (vs. my $9.5B)
- iPad: $6.8B (vs. my $6.1B)HUGE quarter for iPad and Mac. Good quarter for wearables. iPhone messy.
— Neil Cybart (@neilcybart) October 29, 2020
Hearing Tim Cook tell @CNBCJosh that the virus makes it too hard to give guidance highlights a big risk for the economy — that while we won’t lock down again, businesses could decide to shut their stores for periods rather than risk their customers or employees getting sick.
— Scott Wapner (@ScottWapnerCNBC) October 29, 2020
Apple revenue for Greater China was down 29%. Revenue was up in every other reportable segment.
(In my earnings preview, I raised the possibility of Apple reporting weak China results. 3rd-party sales data pointed to weak iPhone results in China. One likely culprit: iPhone SE.)
— Neil Cybart (@neilcybart) October 29, 2020
Apple now has $191.83 billion in cash on hand https://t.co/bO2caGRtOh
— CNBC Now (@CNBCnow) October 29, 2020
