As predicted, Apple has just revealed its financial results for the fiscal second quarter of 2020, completed on March 28.
In other words, this is the first period already strongly impacted by the pandemic of the new Coronavirus (COVID-19) – and Apple said in mid-February that it would no longer be able to beat the estimates released at the last fiscal results conference.
Apple released a revenue of $ 58.3 billion, net profit of $ 11.2 billion and earnings per diluted share of $ 2.55. The figures compare to, respectively, $ 58 billion (+ 1%), $ 11.6 billion (-3.5%) and $ 2.46 (+ 4%) in the second fiscal quarter of 2019.
International sales comprised 62% quarterly billing.
Here are the numbers by segments:
- iPhone: US $ 29 billion (-6.8%)
- Mac: US $ 5.4 billion (-1.8%)
- iPad: US $ 4.4 billion (-10.2%)
- Wearables, Home and Accessories: US $ 6.3 billion (+ 23.5%)
- services: US $ 13.3 billion (+ 15.7%)
Here is the statement from the executive director (CEO), Tim Cook:
Despite the unprecedented global impact of COVID-19, we are proud to report that Apple grew in the quarter, driven by an all-time record in Services and a quarterly record for Wearables. In this difficult environment, our users are depending on Apple products in renewed ways to stay connected, informed, creative and productive. We feel motivated and inspired to not only continue to meet these needs in innovative ways, but to continue to reciprocate to support the global response of the tens of millions of customized face masks and face shields that we send to medical professionals worldwide. the millions we donate to organizations like the Global Citizen and America’s Food Fund.
And here the CFO, Luca Maestri:
We are proud of our Apple teams around the world and the resilience of our business and financial performance during these difficult times. Our installed active base of devices has reached a historic high in all of our geographic segments and in all major product categories. We also generated operating cash flow of $ 13.3 billion during the quarter, an increase of $ 2.2 billion over the previous year. We are confident in our future and continue to make significant investments in all areas of our business to enrich our customers ‘lives and support our long-term plans – including our five-year commitment to contribute $ 350 billion to the states’ economy United.
Unusually in the face of the current pandemic scenario, Apple is not making a new projection of numbers for the third fiscal quarter of 2020.
Apple’s board of directors declared a cash dividend of $ 0.82 (+ 6%) per common share of the company, payable on May 14, 2020 to all shareholders registered at the end of business on May 11, next. The board also authorized a $ 50 billion increase to your current share buyback program.
From 6 pm (Brasília time), Apple will hold an audio conference to talk about these numbers and answer questions from the press. Afterwards, we will do a complete coverage with the highlights of what to roll over here in MacMagazine.