Apple has just published its financial results for Q4 2020. The company posted revenue of $64.7 billion. Apple CEO Tim Cook said:
“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.”
Estimates and Expectations for Q4 2020
Due to the uncertainty caused by the global pandemic, Apple did not provide financial guidance for Q4 2020 during its last earnings call.
Going into today’s call, though, Yahoo Finance said that:
AAPL is expected to report adjusted earnings of $0.71, down from $0.76 in the prior-year quarter, according to third-party consensus analyst estimates. Revenue is projected at $64.1 billion, roughly flat versus a year ago.
Graphical Visualization
After the break, we’ve compiled a graphical visualization of Apple’s Q4 2020 financial results.
