One day after publicly showing the financial results of the Apple's fourth fiscal quarter we give accounts of the value of what is shown to investors. Apple showed its figures yesterday and we can say that they are really good figures considering the COVID-19 pandemic that affects the entire planet.
Sales of Apple products remain spectacular and Luca Maestri, Apple CFO, was getting chest out at the revenue earned by Apple this quarter. With the iPhone 12 just launched and without counting for this quarter, a 21% decrease in revenue was noted, many stores closed around the world and with the current context it is not at all easy to obtain good figures such as those obtained by Apple in this quarter .
Complicated but record-breaking year
We can say that this year is being more complicated than usual to achieve good financial results but in Cupertino they are still there. Apple CEO Tim Cook himself explained that services and Macs have achieved historical records for the company. This is a small summary of what Cook argued:
Apple capped off a fiscal year defined by innovation in the face of adversity with a record for the September quarter, led by all-time records for the Mac and services. Despite the ongoing impacts of COVID-19, we at Apple are in the midst of our most prolific product release period to date, and the first reaction to all launches, led by our first 5G-enabled iPhone line, it has been tremendously positive. From remote learning to telecommuting, Apple products have been a window to the world for users as the pandemic continues, and our teams have responded to the needs of the moment with creativity, passion, and the kind of big ideas that only Apple can offer.
On the other hand Maestri explained to the analysts following:
Our excellent performance in the September quarter concludes an extraordinary fiscal year, in which we have set new all-time records for revenue, earnings per share and free cash flow, despite an extremely volatile and challenging macroeconomic environment. Business results and unrivaled customer loyalty brought our active base of installed devices to an all-time high in all major product categories. We have also returned nearly $ 22.000 billion to shareholders during the quarter as we maintain our goal of achieving a neutral net cash position over time.
It therefore seems that Apple achieves its objectives and above all thanks to the figures obtained by the Macs and services that have been in front of revenue with 9.032 million and 14.549 million dollars respectively. You can listen to the full conference from this link.