2020-05-01 13:40
Technology
Alex Lowe

Apple reports its Q2 earnings for 2020

Apple reports its Q2 earnings for 2020

Last night, Apple revealed its Q2 fiscal earnings, announcing company revenue by category and profit levels.

Apple always goes over each product category and how much revenue each generated as well as how much revenue the whole company generated in the last quarter. Total revenue for Q2 2020 was $58.3 billion, this is up slightly over the $58 billion it had in the same quarter in 2019. Out of this, Apple had a profit of $11.25 billion.

  • iPhone generated $28.9 billion of revenue
  • iPad was $4.36 billion
  • Mac was $5.35 billion
  • Wearables, home and accessories was $6.28 billion
  • Services was $13.34 billion

“Despite COVID-19’s unprecedented global impact, we’re proud to report that Apple grew for the quarter, driven by an all-time record in Services and a quarterly record for Wearables.”

Tim Cook – Apple CEO

The service category hit a new record for Apple, this includes Apple Music, iCloud, Apple News+, Apple Card, Apple Arcade, Apple TV+, App Store as well as everything else Apple offers.

Apple has also helped to support the ongoing COVID-19 pandemic my manufacturing face shields, Apple has produced “tens of millions of face masks” to those professionals who need them.

Source: Apple

Alex Lowe

Apple reports its Q2 earnings for 2020

Alex Lowe is the owner and editor of the interface and started the website in 2013. He publishes the majority of the content on the website, hosts the three podcasts and the runs the YouTube channels. Alex has a professional background in computer networking, FWA and WiFi.

Other Posts

Apple to launch Emergency SOS via Satellite in the UK next week
Apple SOS via Satellite will come to the UK next week. The feature allows iPhone users to get emergency assistance in places without phone signal
Now discontinued, Apple removes all references to iPod touch from its main website
After being discontinued, any mention of the the iconic iPod touch on apple.com has been removed
Apple launches new colour for the HomePod mini
Existing HomePod mini is now available in a Midnight colour option