Strong iPhone sales drive record-breaking quarter for Apple

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Strong iPhone sales drive record-breaking quarter for Apple

Apple announced its Q1 2020 results on 28 January 2020. The company generated its highest-ever quarterly revenue and net income, led by robust sales of the iPhone 11 and iPhone 11 Pro models. Key highlights include:

  • Q1 FY2020 revenue of USD 91.8 billion, an increase of 9% compared to Q1 FY 2019
  • Earnings per diluted share for the quarter stood at USD 4.99, an increase of 19% year-on-year
  • Net income was reported at USD 22.2 billion, up from US$20.0 billion
  • The Company generated an operating cash flow of US$ 30.5 billion

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