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Apple’s Mac and services hit new records in Q4 earnings

The Verge Thursday, 29 October 2020
Apple’s Mac and services hit new records in Q4 earningsIllustration by Alex Castro / The Verge

Apple today announced its fiscal fourth quarter earnings, reporting $64.7 billion in revenue and earnings per share of $0.73 in a quarter that was “led by all-time records for Mac and services,” according to CEO Tim Cook.

Like last quarter, Apple’s Mac and iPad lines showed strong performance as people continue working and learning from home due to the continued COVID-19 pandemic. The Mac had its biggest quarter ever, tallying $9 billion in sales.

Apple introduced the latest iteration of its entry-level $329 iPad in September, increasing the device’s performance. The mid-tier iPad Air got a more significant makeover with a new design — now matching the iPad Pro — and a much faster processor. iPad sales were up 46 percent from the...
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Apple Inc. Apple Inc. American technology company

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Tim Cook Tim Cook American business executive, CEO of Apple Inc.

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Credit: PA - Press Association STUDIO    Duration: 00:45Published

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