Daily reviews

29.01.2020

Apple posts record revenue, sales exceed expectations

news

The company’s revenue at $91.8 billion beat its own guidance

Stocks impacted: Apple Inc (AAPL)

The tech giant posted record revenue and a return to profit growth in the latest quarter. The revenue rose 9% in the December quarter to $91.82 billion, powered partially by iPhone revenue. International sales accounted for 61% of the quarter’s revenue. Apple’s per-share profit of $4.99 was greater than the market-anticipated figure of $4.54 per share. The company reported a record $12.7 billion in services net sales during the first quarter of its fiscal year — a year-over-year increase of roughly 17%. Looking ahead, the giant anticipates Q2 F2020 revenue between $63.0 billion and $67.0 billion. The company’s shares that have traded at all-time highs in recent months, gained 2.83% on Tuesday and may extend the rise today.

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