Apple Q2 2020 Earnings Report
Key Takeaways
Apple reported financial results for its fiscal 2020 second quarter ended March 28, 2020. The Company posted quarterly revenue of $58.3 billion, an increase of 1 percent from the year-ago quarter, and quarterly earnings per diluted share of $2.55, up 4 percent.
Apple's revenue grew for the quarter, driven by an all-time record in Services and a quarterly record for Wearables.
International sales accounted for 62 percent of the quarter’s revenue.
Operating cash flow of $13.3 billion was generated during the quarter.
The board of directors has authorized an increase of $50 billion to the existing share repurchase program.
Apple
Apple
Apple Revenue by Segment
Apple Revenue by Geographic Location
Forward Guidance
This press release contains forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include without limitation those about the Company’s expectations regarding the impact of the COVID-19 pandemic; anticipated revenue, gross margin, operating expenses, other income/(expense), and tax rate; and plans for return of capital.
Revenue & Expenses
Visualization of income flow from segment revenue to net income