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Apple announces $64.7B revenue for the fourth quarter of fiscal 2020

Today, Apple announced its earnings for the fourth quarter of its 2020 fiscal year, or the third quarter of the 2020 calendar year. As usual, the firm brought in a record amount of revenue at $64.7 billion, an increase over the same quarter last year where it brought in $64B. It made a diluted earnings per share of $0.73.

As usual, the biggest seller was iPhones. that accounted for $26.444 billion in revenue, so it was about 40.9% of Apple's total revenue. Behind that with 22.5% of revenue is services with $14.549B, showing steady growth from $12.511B last year. In fact, while they took a hit, iPhones declined year-over-year; last year, it made $33.362B, accounting for over half of Apple's total revenue.

But indeed, it made up for the hit on iPhone sales with Mac, iPad, Wearables, and Services. Mac was the third largest category with $9.032B, an increase from $6.991B. Wearables, Home, and Accessories made up for $7.876B, an increase from $6.520B. And finally, iPads brought in $6.797B in revenue, an increase from $6.520B.

"Apple capped off a fiscal year defined by innovation in the face of adversity with a September quarter record, led by all-time records for Mac and Services," said Tim Cook, Apple’s CEO. "Despite the ongoing impacts of COVID-19, Apple is in the midst of our most prolific product introduction period ever, and the early response to all our new products, led by our first 5G-enabled iPhone lineup, has been tremendously positive. From remote learning to the home office, Apple products have been a window to the world for users as the pandemic continues, and our teams have met the needs of this moment with creativity, passion, and the kinds of big ideas that only Apple can deliver."

The firm is announcing a dividend of $0.205 per share of common stock, and it will be paid on November 12 to anyone that holds the share at the close of business on November 9.

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