The company posted earnings of $ 4.99 per share and revenue of $ 91.8 billion. Both outperformed analyst expectations, which were $ 4.54 earnings per share.
‘we are thrilled to report Apple’s highest quarterly revenue ever,’ says Apple CEO Tim Cook.’during the holiday quarter our active installed base of devices grew in each of our geographic segments and has now reached over 1.5 billion’.
Apple had estimated revenue to fall between $ 85.5 billion and $ 89.5 billion for the quarter. It’s an improvement over the year-ago quarter, which Tim Cook headed off with a letter to investors that warned of slower-than-anticipated iPhone upgrades.
This is the first full quarter of the iPhone 11, 11 Pro, and 11 Pro Max have been on sale. Apple’s latest phones include the best camera system that the company has offered in years. They successfully bring the iPhone neck and neck with Google’s pixel lineup for still photos.
In October, Apple announced the airpods Pro, which feature a new design and added active noise cancellation to the hugely popular earbuds for the first time. This combined with the existing models of airpods, made for a popular holiday gift.
Apple ended 2019 with the release of the Mac Pro, the top-tier desktop tower. The 16-inch MacBook Pro was introduced with improved performance, greatly enhanced speakers, and a physical escape key.
Apple could n’t meet demand for airpods and the Apple Watch Series 3 during the quarter. The iPad and Mac segments were both down compared to the 2019 holiday quarter.
Apple TV Plus, the home of Apple’s original video efforts, got off to a strong start on November 1st. The company quickly picked up its first Golden Globe nominations for the morning show – though it got snubbed at the awards show.