Apple announces higher sales and profits than expected in the April-June period, next iPhone expected to be delayed for several weeks

The US Apple announced on July 30 (local time) that the company's financial results for the third quarter of 2020 (April-June 2020) increased sales and profits, well above analyst expectations. Sales grew in all product categories, with Mac and iPad performing well, driven by growing needs for teleworking and remote learning. Stable product supply will become an issue for the future in response to such demand growth, but CFO (Chief Financial Officer) Luca Maestri told us at the press release announcement that the new iPhone product will be in the second half of September if it is as usual. It is said that the launch of the product will be delayed for several weeks.

Sales for the April-June period were $59,685 million, up 11% from the same period of the previous year. Net income increased 12% to $11,253 million. Diluted earnings per share of $2.58. Market forecasts averaged $52.25 billion in revenue and $2.04 in earnings per share. The following are sales by product category for the June term (changes compared to the same period of the previous year).

  • iPhone: $26,418 million in sales (+2%)
  • Mac: $7,079 million in revenue (+22%)
  • iPad: $6,582 million in revenue (+31%)
  • Wearables/Home/Accessories: $6.45 billion in revenue (+17%)
  • Services: Revenues of $13,156 million (up 15%)

Apple updated the MacBook Air and iPad Pro in March, the Magic Keyboard for iPad Pro and iPhone SE in April, and the 13-inch MacBook Pro in May. The company has continued to provide new products in a stable manner despite the growing influence of.

  • iPhone SE

    "iPhone SE" that contributes to the expansion of iPhone users

iPhone sales of $26,418 million were up 2% year-on-year, showing little growth compared to other products, but this was due to the favorable performance of the low-priced iPhone SE. With market revenue well in excess of $22.37 billion, more users were switching from Android since the same time last year. Regarding the next iPhone, the US Qualcomm announced in the financial results on the 29th, the forecast for the July-September period lower than the market forecast due to "delayed release of 5G flagship mobile phone", and already some Analysts pointed out that the next iPhone may be delayed. In an interview, Maestri did not reveal the reason for the delay.

Demand for Macs and iPads grew so much that supply could not keep up. Wearables were also strong, but many Apple retail stores were still closed, and Apple Watch sales had an unpredictable effect. Services remained strong with 15% growth, but just below the market forecast of $13,180 million.

Source link

Do you like this article??

Show More

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button