January 28, 2020
apple reports record iphone revenue over the holidays while sales of wearables soar
On Tuesday afternoon, Apple released its earnings report where it announced a 9% increase in revenue over the same quarter last year ($91.8 billion), well over predictions from analysts ($88.5 billion). Apple is also seeing more revenue in hardware, which had stagnated over the last year or so.
iPhone sales earned Apple over half of its revenue for the first fiscal quarter. The company earned $55.96 billion in iPhone sales alone, breaking past Wall Street’s prediction of $51.5 billion. Meanwhile, Apple’s accessory hardware category which includes the Apple Watch, Home Pod, and AirPods…