Apple Delivers Blowout Fiscal Q4 2020 with best September Quarter ever with Knockout Mac & Services Revenue
Earlier today we reported on Samsung having its best September Quarter ever recorded and this afternoon Apple is making the very same claim for their Fiscal Q4 (Calendar Q3) 2020. Apple's first highlight point in their press release Apple states: "Company revenue sets September quarter record. The second highlight was that "Services and Mac revenue reach new all-time high. On Monday, when announcing Apple's coming Financial Conference Call on Thursday we pointed to the fact that Apple Mac sales could be a factor in Apple's quarter. Our report stated: "We also learned that Apple is experiencing great Mac growth due to COVID-19 with many students studying at home and companies allowing their staff to work remotely."
Apple today announced financial results for its fiscal 2020 fourth quarter ended September 26, 2020. The Company posted record September quarter revenue of $64.7 billion and quarterly earnings per diluted share of $0.73. International sales accounted for 59 percent of the quarter’s revenue.
Tim Cook, Apple’s CEO: "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. 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."
Luca Maestri, Apple’s CFO: "Our outstanding September quarter performance concludes a remarkable fiscal year, where we established new all-time records for revenue, earnings per share, and free cash flow, in spite of an extremely volatile and challenging macro environment. Our sales results and the unmatched loyalty of our customers drove our active installed base of devices to an all-time high in all of our major product categories. We also returned nearly $22 billion to shareholders during the quarter, as we maintain our target of reaching a net cash neutral position over time."
While Apple didn't provide official guidance for the quarter, Maestri did say during the conference call that they expect a very positive Fiscal Q1 2021 (Q4 calendar) due to the new iPhones and other products yet to be announced.
Apple’s Board of Directors has declared a cash dividend of $0.205 per share of the Company’s common stock. The dividend is payable on November 12, 2020 to shareholders of record as of the close of business on November 9, 2020.