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Apple reports financial results for the fourth quarter

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Apple today announced financial results for its fiscal 2020 fourth quarter ended September 26, 2020. The company had quarterly revenue of $ 64.7 billion and quarterly earnings per share of $ 0.73. International sales accounted for 59% of quarterly revenue.

 

“Apple ended its fiscal year of innovation and adversity with its largest September quarter in terms of business, driven by record Mac and Services sales,” said Tim Cook, Apple’s CEO. “Despite the fact that our lives are affected by COVID-19, Apple is experiencing the most fruitful period in history, and the first reviews of all of our new products, led by the updated iPhone lineup with 5G support, have been overwhelmingly positive. From remote learning to home office, Apple products have been and remain a window to the world for our users as the pandemic continues, and our team will do whatever it takes to meet the needs of the moment with enthusiasm, creativity and ambition that only Apple can deliver. ” …

 

“Our outstanding September quarter results culminate in an equally outstanding fiscal year, in which we set new records for revenue, earnings per share and operating cash flow despite an extremely volatile and challenging macro environment,” said Luca Maestri, Apple’s CFO. “Our sales results and our unmatched customer loyalty have resulted in record growth in our user device base across all major product categories. We also returned about $ 22 billion to shareholders during the quarter, while maintaining our goal of achieving a net cash neutral position over time. ”

 

Apple’s board of directors has announced a dividend payment of $ 0.205 per share. Dividends will be paid on November 12, 2020 to existing shareholders at the time of register closing at the end of the day on November 9, 2020.

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