Apple announced financial results for the fourth quarter of 2020. As expected, they reached historic highs and surpassed even the best estimates of recognized analysts.



Apple broke all records

We recently reported that Apple is surpassing $ 100 billion in quarterly sales for the first time. Analysts were right and slightly "underestimated" their estimates. In fact, the numbers were significantly higher.

According to the official press release, published on the website of the technology giant, it managed to achieve sales of 111.4 billion US dollars. Compared to 91.8 billion during Q4 2019, this is a huge increase that apparently no one expected.

Apple was able to generate $ 28.8 billion in profits from this amount, which is 6.6 billion more year-on-year than during Q4 2019 ($ 22.2 billion). Investors and company management can cheerfully celebrate.

The results themselves, on the other hand, were not so surprising, as they were expected last year due to the later introduction of the iPhone 12. Sales numbers from this facility were not counted in Q3 (July, August, September) as usual, but exclusively in Q4. According to Tim Cook, there was also strong interest from former Android owners.

As for the gross margin, it represented 39.8% over the last three months, which is a 1.4% year-on-year increase. With these numbers, the percentage units are also very interesting.

Apple finally declared that it would pay dividends of $ 0.205 per share (until February 11, 2021). Write us in the comments what products you bought at the end of last year.