Overview: 

Apple results in their largest quarter of the year were above expectations. The big driver was iPhone sales. Many believed this would be a challenging quarter (and year) for Apple as the company is without a 5G flagship. This was not the case. Apple iPhone revenues were up 7.6% to $55.96 billion during the quarter. The iPhone 11 was the top seller each week of December. The top three sellers were the three new 11-series devices all priced $700 and above. This drove the revenue growth and the huge quarter.

Number of Pages: 4

Author: Jeff Fieldhack and Maurice Klaehne

Published Date: January 2020