In the past few years, Apple has focused more than ever on the bettering of its products and services. The company has always thrived to lead the industry and the recent holiday-quarter revenue report proves just that.
According to a report, the Cupertino, California-based company reported the results of the first quarter of its fiscal 2020. With a record $12.7 billion in services net sales and with an increase of roughly 17%, currently, the company’s revenue totaled $91.8 billion, more than the Wall Street expectations — $88.43 billion.
The Apple CEO, Tim Cook has said that there is a strong demand for iPhone 11 and iPhone 11 Pro models, and is the key player behind this massive figure. The company generated around $56.0 billion in revenue with iPhone sales in the fiscal first quarter. While mac and iPad didn’t seem to be taking the last mile as their sales fell.
Here Is How The Apple Products Performed:
- iPhone generated $56.0 billion
- Mac generated $7.2 billion
- iPad generated $6.0 billion
- Wearables, Home and Accessories generated $10.0 billion
While the world was still thinking about Apple’s significant rise in revenue, another report has come up and it states that Apple’s stock is going significantly up by several points.