Apple reports Q3 revenue of $59.7B, up 11% YoY, of which $46.5B came from products, $13.1B from services, and net income of $11.2B; stock up 6%+
Revenue up 11 percent and EPS up 18 percent to new June quarter records — Apple today announced financial results for its fiscal 2020 third quarter ended June 27, 2020.
Apple
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Discussion
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@geoffblaber
Geoff Blaber
on x
Sharp contrast between Apple and Samsung smartphone performance in Q2. Those with a China presence rode the post lockdown recovery. Those without languished. $AAPL
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@benbajarin
Ben Bajarin
on x
A big takeaway observing Apple's earnings this quarter is the sheer resiliency of the company and their products.
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@inafried
Ina Fried
on x
Sales were up from a year ago in each product category, with particular strength in Mac, and iPad sales and continued growth in services and wearables. https://twitter.com/...
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@neilcybart
Neil Cybart
on x
Tim Cook: “In uncertain times, this performance is a testament to the important role our products play in our customers' lives and to Apple's relentless innovation.”
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@aapltree
Aapl Tree
on x
Tim on channel inventory - iPhone slightly less YOY (end of Q) - repeats that iPad and Mac are constrained $AAPL
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@ldignan
Larry Dignan
on x
Perhaps the most shocking thing in $AAPL quarter was a stock split. Seems to be bucking the tech tide with a 4-for-1 split “to make the stock more accessible to a broader base of investors.” Shares in the thousands have become the vanity plate of tech. https://www.apple.com/...
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@kirkburgess
Kirk Burgess
on x
Apple trailing 12 month gross margin is now $104.6 Billion - a record amount. $AAPL
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@caro_milanesi
Carolina Milanesi
on x
#evidence driven agility" is how @tim_cook refers to #AppleStores opening and closing during #Covid19 - carefully chosen words there #AAPL #earnings
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@munster_gene
Gene Munster
on x
The day's of investors penalizing Apple's earnings multiple for its hardware business should end in the quarters ahead. Applying a FB, GOOG or MSFT multiple to shares of AAPL suggest AAPL at $500 or better.
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@benbajarin
Ben Bajarin
on x
Key statement from Tim Cook on transition to Apple Silicon. “Unprecedented performance for Macs and a common architecture across Mac and iOS devices.”
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@bzamayo
Benjamin Mayo
on x
Apple's results were so good in spite of the pandemic that Cook is almost apologising for it on the call, “our results stand in stark relief” to the wider economic troubles.
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@iansherr
Ian Sherr
on x
“Apple set a new standard for what online events can achieve,” Cook says of WWDC. He said 22 million viewers tuned in across all of Apple's streams (but not clear if that includes all the events throughout the week or just the big keynote?)
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@brianroemmele
Brian Roemmele
on x
Apple stock split history: 06/16/1987 2 for 1 06/21/2000 2 for 1 02/28/2005 2 for 1 06/09/2014 7 for 1 08/20/2020 4 for 1 17 for 1 from IPO day. Why is it important? It tends to alway move the stock significantly higher. https://twitter.com/...
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@johnvoorhees
John Voorhees
on x
We've updated Apple's Q3 2020 results with charts. Big day for the iPad. https://twitter.com/...
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@dhh
@dhh
on x
The pivot to services continues to do well! It's HALF the size of the iPhone business. Bigger than any other non-iPhone category. No wonder Apple is keen to keep expanding the take from the tollbooth. https://twitter.com/...
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@fjeronimo
Francisco Jeronimo
on x
Impressive results! Apple sales grew in every single region: Americas: +7.8% Europe: +18.9% Greater China: +1.9% Japan: +21.7% Rest of APAC: +17.0% https://twitter.com/...
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@appleinsider
@appleinsider
on x
Apple has issued its latest quarterly results, revealing it earned $59.7B in revenue for the third quarter, despite the ongoing effects of COVID-19. https://appleinsider.com/... https://twitter.com/...
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@reneritchie
Rene Ritchie
on x
Apple 4-to-1 stock-split: “Each Apple shareholder of record at the close of business on August 24, 2020 will receive three additional shares for every share held on the record date, and trading will begin on a split-adjusted basis on August 31, 2020.
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@macstoriesnet
MacStories
on x
Apple Q3 2020 Results - $59.7 Billion Revenue https://www.macstories.net/...
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@benbajarin
Ben Bajarin
on x
Investors will be very happy with the Apple 4-1 split. Also, big beat just like I expected.
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@reneritchie
Rene Ritchie
on x
Apple Q3 2020: “Revenue up 11 percent and EPS up 18 percent to new June quarter records” ""Apple's record June quarter was driven by double-digit growth in both Products and Services and growth in each of our geographic segments" - Tim Cook https://www.apple.com/...
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@markgurman
Mark Gurman
on x
Apple smashes Q3 earnings estimates, reporting $59.7 billion in revenue (up 11%), $26.4b for iPhone, $13.2b for services, $6.5 billion for other products, $6.6 billion for iPad, $7.1 billion for Mac.
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@somospostpc
Alex B
on x
Amazing what selling cheaper devices can do for your business. https://www.cnbc.com/... I'll update these two charts in the next https://apple.substack.com/ but please always take a look at the disaster that was the XS and how perfect the 11 fit the consumers expectations & pocke…
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@onlyyoontv
Eunice Yoon
on x
🍎 @Apple #China #iPhone sales up 225% in Q2 amid recovery, research shows. Cheaper iPhone SE, iPhone 11 series, & discounts helped. Sell-thru volume hit 7.4mln units, +32% y/y. Sell-thru = units via retail partners (gauge for actual sales to consumers.) https://www.cnbc.com/...
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@neilcybart
Neil Cybart
on x
Tim Cook: iPhone inventory is slightly less than a year ago. (May not seem like much but that is very useful tidbit for an Apple financial analyst.)
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@caro_milanesi
Carolina Milanesi
on x
“Delivering a product people think they can't go through life without” this is @tim_cook product statement and how everyone still feels about #smartphones and nearly none felt about tablets overall #AAPL #earnings
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@arjunkharpal
Arjun Kharpal
on x
Apple's #China iPhone sales jump 225% in the second quarter versus the first quarter of 2020. The iPhone 11 continues to perform well, with momentum helped by recent discounts. And the iPhone SE has helped Apple become aggressive on price. $AAPL https://www.cnbc.com/...
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@markgurman
Mark Gurman
on x
Cook also said that the pandemic likely hurt iPhone and wearables sales, but boosted iPad and Mac purchases. Also said AppleCare and ads were impacted, but said they made record revenue for the App Store, Apple Music, video and cloud services.
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@neilcybart
Neil Cybart
on x
Apple reported an all-time Mac revenue record for FY3Q (April to June). $7.1 billion of revenue exceeds the previous record by nearly 20%. Remarkable.
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@mims
Christopher Mims
on x
Apple's earnings are amazing but remember that the bubble in tech spending is just that. Gartner projects overall sales of laptops this year will be down 14% vs. 2019. https://www.wsj.com/... https://twitter.com/...
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@tomwarren
Tom Warren
on x
Apple's strong Mac and iPad revenue lines up with what we're seeing on the PC side: surge in demand for remote working / education. It's impossible to work fully on your phone all day so people are prioritizing devices they'll use at home
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@bleedsixcolors
Six Colors
on x
When Tim Cook suggested three months ago that the pandemic seemed to be driving interest in the Mac and iPad, this is apparently what he meant. https://twitter.com/...
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@chancehmiller
Chance Miller
on x
Apple's Q3 2020 numbers are nothing short of insane. The work-from-home effects drove Mac revenue up 21% YOY and iPad revenue up 31% YOY. https://9to5mac.com/...
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@marketrebels
Market Rebellion
on x
$AAPL posts blowout third quarter, announces 4-for-1 stock split https://www.cnbc.com/...
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@mgsiegler
M.G. Siegler
on x
Operation: Beat Amazon to $2T https://twitter.com/...
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@jsears90210
John Sears
on x
I'd like to personally thank Tim Cook for the 4:1 Apple stock split. The RobinHood traders are going to pump it like crazy on August 31st.
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@asymco
Horace Dediu
on x
RT @BrianRoemmele: Apple stock split history: 06/16/1987 2 for 1 06/21/2000 2 for 1 02/28/2005 2 for 1 06/09/2014 7 for 1 08/20/2020 4 for 1 17 for 1 from IPO day. Why is it important? It tends to alway move the stock significantly higher. https://twitter.com/...
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@eddyelfenbein
Eddy Elfenbein
on x
Apple crushed estimates. The shares are up 5% AH. The company also announced a 4-for-1 stock split. This will be Apple's 5th split since the IPO 40 years ago. One share bought at a IPO will soon be 224 shares.
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@asymco
Horace Dediu
on x
Apple reached the target of doubling of its service revenue since 2016 six months ahead of schedule. This was evident to followers of this account some time ago.
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@waltlightshed
Walter Piecyk
on x
$AAPL services rev growth decellerated for the 3rd consecutive quarter and dropped below 15% for the first time since 2015.