Apple reports Q4 2020 revenue of $64.7 billion

Here we go again! Apple is back with another quarterly earnings report, this time wrapping up the year 2020 in its fourth fiscal quarter results.

Today, Apple announced its fourth fiscal quarter results. While the third fiscal quarter for Apple was pretty solid, all things considered, the fourth fiscal quarter still faces plenty of challenges. The coronavirus pandemic is still an ongoing threat across the globe. That being said, Apple still performed quite well over the last three months.

Here’s how it breaks down: Apple announced $64.7 billion in total revenue for the fourth fiscal quarter of 2020. That’s a new September quarter record. That compares to the $64 billion the company earned in the fourth fiscal quarter of 2019. And that’s riding on the back of Apple’s third fiscal quarter of this year, when the company brought in $59.7 billion in revenue.

Apple also confirmed today that international sales (outside of the United States) accounted for 59% of the quarter’s revenue.

Per Apple’s announcement:

Apple today announced financial results for its fiscal 2020 fourth quarter ended September 26, 2020. The Company posted record September quarter revenue of $64.7 billion and quarterly earnings per diluted share of $0.73. International sales accounted for 59 percent of the quarter’s revenue.

As usual, Apple’s CEO, Tim Cook, weighed in on the results:

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. 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.

And the company’s CFO, Luca Maestri, also commented:

Our outstanding September quarter performance concludes a remarkable fiscal year, where we established new all-time records for revenue, earnings per share, and free cash flow, in spite of an extremely volatile and challenging macro environment. Our sales results and the unmatched loyalty of our customers drove our active installed base of devices to an all-time high in all of our major product categories. We also returned nearly $22 billion to shareholders during the quarter, as we maintain our target of reaching a net cash neutral position over time.

Apple isn’t reporting device sales numbers anymore, so we don’t know just how many iPhones or iPads or Macs the company sold during this quarter. However, we do have sales numbers at the very least. Here’s how those break down:

  • iPhone: $26.44 billion
  • Mac: $9.03 billion
  • iPad: $6.79 billion
  • Wearables, Home, and Accessories: $7.87 billion
  • Services: $14.54 billion

So, nothing too crazy. We don’t know yet how the iPhone 12 and iPhone 12 Pro did at launch, but it’s not a complete picture just yet, either. Both the iPhone 12 mini and iPhone 12 Pro Max haven’t launched after all. The next quarterly earnings report we get from Apple early next year will give us a good look at how the iPhone 12 lineup performed for Apple this year.