Apple’sQ4 profit reportcould have been an unmitigated catastrophe , look at the hatchet job the yr 2020 has been on consumer disbursal , but the prescribed numbers put out last Thursday tell the story of a fourth fiscal quarter that was actually — luckily?—pretty meh overall for the technical school giant . But a low , pandemic - have uptick in laptop and tablet sale was obviously not the good news our Wall Street overlords were looking for , and Apple still has the stock price to show for it .
harmonise to the Q4 report , overall remuneration were consistent with last year ’s , with Apple reporting $ 64.7 billion in overall tax income this quarter — up slightly from the $ 64 billion it reported at this point in 2019 . The fully grown bomb calorimeter was low numbers of iPhone sales , with $ 26.4 billion in iPhone taxation report for Q4 of 2020 , down from $ 33.4 billion at the same distributor point last year — a economic crisis that can probably be attribute to the fact that the Q4 reporting window had closedbefore the new iPhone 12series had even been announced .
The iPhone 12 feel Like a $ 1,000 Phone
Justin Sullivan/GettyPhoto: Justin Sullivan (Getty Images)
The other big takeout from the reputation was dismal sales number in China , aformer growth regionfor Apple that learn receipts dip by more than $ 3 billion this after part . The slight underperformance was enough to displease Wall Street investor , with AAPL stock certificate prices tumbling intimately 10 % on Thursday in reply to the Q4 news report ’s liberation . In the days since , the descent toll has carry on to dip , signaling a continued edginess among traders concerned with Apple ’s underperformance .
But despite the prevailing anxiety , Apple ’s Q4 report also had some bits of good word for the tech behemoth . iPhone sales aside , Mac tax income saw a 4th - fourth boost as housebound students stuck online due to covid-19 stocked up on laptops . In the fourth one-quarter , Apple account $ 9.03 billion in Mac revenue alone , a major increase from the $ 7 billion in Mac revenue the company report during the same menstruum last class . For in all likelihood the same understanding , iPad sale also spiked , account for about $ 6.8 billion of Apple ’s total revenue this one-fourth for an overall growth of more than $ 2 billion since this time last yr .
Another blessing to Apple ’s quarterly net profit was its services revenue , which surged to $ 14.5 billion this year in what chief operating officer Tim Cook referred to in the Q4 reputation as a “ September quarter record . ” And even as the share Mary Leontyne Price continues to dip , savvy consumers should be on the lookout for that growth in services tax income to continue to peck up steam in the next year or so , as Apple get up to unveil a host of new subscription services , include Peloton - elan guide exercise plan and a range of Apple News , Apple Arcade , and iCloud bundles , in the coming weeks and calendar month .
AppleiPhone 12Tim Cook
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