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Apple's (AAPL) Q1 Earnings Beat, iPhone Sales Increase Y/Y
Apple AAPL reported first-quarter fiscal 2020 earnings of $4.99 per share that beat the Zacks Consensus Estimate by 9.9% and increased 19.4% year over year.
Net sales increased 8.9% year over year to $91.82 billion, which surpassed the Zacks Consensus Estimate of $87.74 billion. The figure also beat management’s guidance of $85.5-$89.5 billion. However, foreign exchange volatility negatively impacted sales by $1 billion.
Product sales (86.2% of sales) increased 7.7% to $79.10 billion. Services (13.8% of sales) revenues grew 16.9% from the year-ago quarter to $12.72 billion.
Active installed base of devices surpassed 1.5 billion, up more than 100 million in the past 12 months.
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https://finance.yahoo.com/news/apples-aa...02410.html
![[Bild: AAPLc1dl1458.png]](https://finviz.com/publish/012920/AAPLc1dl1458.png)
Apple AAPL reported first-quarter fiscal 2020 earnings of $4.99 per share that beat the Zacks Consensus Estimate by 9.9% and increased 19.4% year over year.
Net sales increased 8.9% year over year to $91.82 billion, which surpassed the Zacks Consensus Estimate of $87.74 billion. The figure also beat management’s guidance of $85.5-$89.5 billion. However, foreign exchange volatility negatively impacted sales by $1 billion.
Product sales (86.2% of sales) increased 7.7% to $79.10 billion. Services (13.8% of sales) revenues grew 16.9% from the year-ago quarter to $12.72 billion.
Active installed base of devices surpassed 1.5 billion, up more than 100 million in the past 12 months.
...
https://finance.yahoo.com/news/apples-aa...02410.html
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