Apple (AAPL) PT Raised to $350 at JPMorgan

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Go back to Apple (AAPL) PT Raised to $350 at JPMorgan

Apple Reports Record First Quarter Results

January 28, 2020 4:30 PM EST

iPhone, Wearables & Services Drive All-Time Record Revenue and Earnings

CUPERTINO, Calif.--(BUSINESS WIRE)-- Apple® today announced financial results for its fiscal 2020 first quarter ended December 28, 2019. The Company posted quarterly revenue of $91.8 billion, an increase of 9 percent from the year-ago quarter and an all-time record, and quarterly earnings per diluted share of $4.99, up 19 percent, also an all-time record. International sales accounted for 61 percent of the quarters revenue.

We are thrilled to report Apples highest quarterly revenue ever, fueled by strong demand for our iPhone 11 and iPhone 11 Pro models, and all-time records for Services and... More