A few days ago Apple officially announced financial results for the second fiscal quarter of 2020. Remember that this Q2 corresponds to the first quarter of the year: January, February and March. The uncertainty about how the economic results were going to be depended on the impact that COVID-19 would have had on Apple's sales. Nevertheless, Apple announces more revenue than compared to the same quarter last year. But all that glitters is not gold since the great impact of the coronavirus will arrive in Q3 where the significance of these last months will be seen since they will correspond with the months where most countries are in quarantine.
Apple sets records for wearables and services in Q2 2020
Tim Cook announced a few days ago Apple's financial results for this fiscal second quarter. The conclusion before going to the results is twofold. On the one hand, services and wearables are being the jewel in the crown for Apple setting record after record in each quarter. And on the other hand, Apple manages to camouflage the impact of the global pandemic by slightly increasing revenues. However, it is time to face the next months in the best possible way since they are months of great importance for the Big Apple: WWDC 2020 and the launch of new iPhones.
Apple has raised 58.313 million that compared to the 58.015 million In the same quarter of 2019 we see an increase of about 300 million dollars. However, these data are camouflaged since until February Apple expected to have around the 63 to 67 billion dollars. The COVID-19 crisis caused the company's financiers to correct the figures to avoid a severe blow.
If we analyze the different lines of Apple products we see that the iPhone is still the biggest source of revenue with 28.962 million dollars. It is followed by services among which we find Apple TV +, Apple Arcade or Apple Music with 13.348 million dollars. Then come the wereables (Apple Watch, AirPods, Apple TV) whose income was 6.284 million. In penultimate place are the Macs with 5.315 million dollars. And, finally, the iPad in all its generations available with 4.368 million.
Apple's greatest success in recent quarters are being the services and wereables they are setting historical records for the company. Tim Cook praised the growth in this regard, taking his chest out of the difficult moment that they were having to live like other large companies but showing their desire to continue innovating:
Despite the unprecedented global impact of COVID-19, we are proud to report that Apple grew during the quarter, driven by an all-time record for services and a quarterly record for wereables.