• General
  • July 31, 2020
  • 3 minutes read

Brief: Apple’s Quarterly Results

Apple CEO Tim Cook. Photo credit: Austin Community College, under Creative Commons license Apple has announced its financial results for…

Apple CEO Tim Cook.

Photo credit: Austin Community College, under Creative Commons license


Apple has announced its financial results for the year’s most recent quarter, indicating roughly $60 billion in revenues, up 11% year-over-year, with sales outside the U.S. accounting for 60% of the quarter’s revenue. Out of the $60 billion, $46.5 billion came from product sales while $13.2 billion came from Services. Net income for the quarter came at $11.3 billion, up 13% year-over-year.

For the quarter, Apple has declared a cash dividend of $0.82 per share for its shareholders. The company has also approved a four-for-one stock split for its shares “to make the stock more accessible to a broader base of investors.” Due to that, each Apple shareholder will receive three additional shares for each share held after a split on the 24th of August, 2020.




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