Apple’s Board of Directors has declared a cash dividend of $0.82 per share of the Company’s common stock. Apple profit fell 7 percent to $12.7 billion in the recently ended quarter, the Silicon Valley-based colossus said in its earnings release. The California tech giant's total revenue edged up from last year's level to $64.7 billion in the fiscal fourth quarter, but revenue from iPhone sales—the major income driver for Apple—slid some 20 percent from a year ago, unsettling investors. Get the detailed quarterly/annual income statement for Apple Inc. (AAPL). Copyright © Apple Reports 4Q 2020 Results: $12.7B Profit on $64.7B Revenue. Gross profit can be defined as the profit a company makes after deducting the variable costs directly associated with making and selling its products or providing its services. SAN FRANCISCO — Apple’s profit grew for the first time in a year with the help of an old friend: the iPhone. The Company posted quarterly revenue of $58.3 billion, an increase of 1 percent from the year-ago quarter, and quarterly earnings per diluted share of $2.55, up 4 percent. We have provided a few examples below that you can copy and paste to your site: Your data export is now complete. Please check your download folder. Apple today announced financial results for … Apple’s margins have been sliding for years, though. Apple annual/quarterly gross profit history and growth rate from 2006 to 2020. If you use our datasets on your site or blog, we ask that you provide attribution via a "dofollow" link back to this page. Apple periodically provides information for investors on its corporate website. Backlinks from other websites are the lifeblood of our site and a primary source of new traffic. Apple net income for the twelve months ending September 30, 2020 was $57.411B, a 3.9% increase year-over-year. Profit margin can be defined as the percentage of revenue that a company retains as income after the deduction of expenses. Apple reported revenue and profit significantly higher than what Wall Street analysts expected and spiked as much as 3% before settling down up around 1% in after-hours trading.. Apple… We have provided a few examples below that you can copy and paste to your site: Your image export is now complete. Apple revenue for the twelve months ending September 30, 2020 was $274.515B, a 5.51% increase year-over-year. While Apple's gross profit … Apple annual revenue for 2019 was $260.174B, a 2.04% decline from 2018. This is a challenging moment for our communities, and, from Apple’s new $100 million Racial Equity and Justice Initiative to a new commitment to be carbon neutral by 2030, we’re living the principle that what we make and do should create opportunity and leave the world better than we found it.”, “Our June quarter performance was strong evidence of Apple’s ability to innovate and execute during challenging times,” said Luca Maestri, Apple’s CFO. Apple Inc. is engaged in designing, manufacturing and marketing mobile communication and media devices, personal computers, and portable digital music players. What’s happening? Cupertino, California — July 30, 2020 — Apple today announced financial results for its fiscal 2020 third quarter ended June 27, 2020. Cupertino, California — January 28, 2020 — Apple today announced financial results for its fiscal 2020 first quarter ended December 28, 2019. If you use our chart images on your site or blog, we ask that you provide attribution via a "dofollow" link back to this page. More information on these risks and other potential factors that could affect the Company’s business and financial results is included in the Company’s filings with the SEC, including in the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections of the Company’s most recently filed periodic reports on Form 10-K and Form 10-Q and subsequent filings. For the first fiscal quarter of 2020, Apple had forecast revenue between $85.5 billion and $89.5 billion. It sells its products worldwide through its online stores, its retail stores, its direct sales force, third-party wholesalers, and resellers. These forward-looking statements include without limitation those about the Company’s expectations regarding the impact of the COVID-19 pandemic; anticipated revenue, gross margin, operating expenses, other income/(expense), and tax rate; plans for return of capital; the four-for-one stock split; and the commitment to be carbon neutral by 2030. Each Apple shareholder of record at the close of business on August 24, 2020 will receive three additional shares for every share held on the record date, and trading will begin on a split-adjusted basis on August 31, 2020. What’s happening? The California tech giant's total revenue edged up from last year's level to $64.7 billion in the fiscal fourth quarter, but revenue from iPhone sales—the major income driver for Apple—slid some 20 percent from a year ago, unsettling investors. Buying shares of Apple, which generated over half its revenue from iPhones in the first nine months of 2020, is the easiest way to profit from that upgrade cycle. The dividend is payable on August 13, 2020 to shareholders of record as of the close of business on August 10, 2020. Apple revenue for the twelve months ending September 30, 2020 was $274.515B, a 5.51% increase year-over-year. Apple annual revenue for 2019 was $260.174B, a 2.04% decline from 2018. Apple and the Apple logo are trademarks of Apple. Apple Inc. is headquartered in Cupertino, California. Risks and uncertainties include without limitation: the effect of the COVID-19 pandemic on the Company’s business, results of operations, financial condition, and stock price; the effect of global and regional economic conditions on the Company’s business, including effects on purchasing decisions by consumers and businesses; the ability of the Company to compete in markets that are highly competitive and subject to rapid technological change; the ability of the Company to manage frequent introductions and transitions of products and services, including delivering to the marketplace, and stimulating customer demand for, new products, services, and technological innovations on a timely basis; the effect that shifts in the mix of products and services and in the geographic, currency, or channel mix, component cost increases, increases in the cost of acquiring and delivering content for the Company’s services, price competition, or the introduction of new products or services, including new products or services with higher cost structures, could have on the Company’s gross margin; the dependency of the Company on the performance of distributors of the Company’s products, including cellular network carriers and other resellers; the risk of write-downs on the value of inventory and other assets and purchase commitment cancellation risk; the continued availability on acceptable terms, or at all, of certain components, services, and new technologies essential to the Company’s business, including components and technologies that may only be available from single or limited sources; the dependency of the Company on manufacturing and logistics services provided by third parties, many of which are located outside of the US and which may affect the quality, quantity, or cost of products manufactured or services rendered to the Company; the effect of product and services design and manufacturing defects on the Company’s financial performance and reputation; the dependency of the Company on third-party intellectual property and digital content, which may not be available to the Company on commercially reasonable terms or at all; the dependency of the Company on support from third-party software developers to develop and maintain software applications and services for the Company’s products; the impact of unfavorable legal proceedings, such as a potential finding that the Company has infringed on the intellectual property rights of others; the impact of complex and changing laws and regulations worldwide, which expose the Company to potential liabilities, increased costs, and other adverse effects on the Company’s business; the ability of the Company to manage risks associated with the Company’s retail stores; the ability of the Company to manage risks associated with the Company’s investments in new business strategies and acquisitions; the impact on the Company’s business and reputation from information technology system failures, network disruptions, or losses or unauthorized access to, or release of, confidential information; the ability of the Company to comply with laws and regulations regarding data protection; the continued service and availability of key executives and employees; political events, international trade disputes, war, terrorism, natural disasters, public health issues, and other business interruptions that could disrupt supply or delivery of, or demand for, the Company’s products; financial risks, including risks relating to currency fluctuations, credit risks, and fluctuations in the market value of the Company’s investment portfolio; and changes in tax rates and exposure to additional tax liabilities.
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