Apple quarterly results: "wearables" already bill more than the Mac

Apple today announced financial results for the first quarter of its fiscal 2020 year, which ended December 28, 2019.

The company reported quarterly sales of $ 91,8 billion, up 9% over the same period last year and setting a new all-time record; and quarterly net income of $ 4,99 per share, which is a growth of 19 percent and also a new all-time high.

61 percent of quarterly sales were made by Apple outside the United States.

According to Tim Cook, Apple's CEO. “During the Christmas quarter, our installed base of devices grew across all geographies, now exceeding 1,5 billion active devices. We consider this result a powerful testimony of the satisfaction, commitment and loyalty of our customers, which has fueled our growth in all sectors ”.

"Our strong business performance has resulted in an all-time record net revenue of $ 22,2 billion and operating cash flow of $ 30,5 billion," said Luca Maestri, Apple's chief financial officer. "We also returned nearly $ 25 billion to shareholders during the quarter, including $ 20 billion in stock repurchases and $ 3,5 billion in dividends and equivalents, as we move forward on our path to achieving a net cash position."

Apple offers the following guidelines for the second quarter of fiscal 2020:

• Revenue between $ 63.000 and 67.000 million
• Gross margin between 38% and 39%
• Operating expenses between $ 9.600 and 9.700 million
• Other income / (expenses) of $ 250 million
• Approximate tax rate of 16,5%

Apple's board of directors declared a cash dividend of $ 0,77 per share on the company's common stock. The dividend will be paid on February 13, 2020 to shareholders registered as of the close of business on February 10, 2020.

Some figures of interest

The revenue each of Apple's divisions is astronomical, as are the profits, as Apple maintains a virtually unheard-of trading margin in the electronics world of close to 30%.

In three months, Apple achieved revenues of $ 91,8 billion and a net profit for the quarter of $ 22,2 billion.

Le sales of iPhone represent the 61% of revenue

Le sales of w (Beats, Apple Watch, accessories,…) are 11%

I services sale are the 14%

Le sales of Mac are 8%

Le sales of iPad I'm from the 7%

We already released the App Store collection records last Christmas.