Apple CEO Tim Cook said, “Apple’s record June quarter was driven by double-digit growth in both Products and Services and growth in each of our geographic segments. In uncertain times, this performance is a testament to the important role our products play in our customers’ lives and to Apple’s relentless innovation. This is a challenging moment for our communities, and, from Apple’s new $100 million Racial Equity and Justice Initiative to a new commitment to be carbon neutral by 2030, we’re living the principle that what we make and do should create opportunity and leave the world better than we found it.”
“Our June quarter performance was strong evidence of Apple’s ability to innovate and execute during challenging times,” said Luca Maestri, Apple’s CFO. “The record business results drove our active installed base of devices to an all-time high in all of our geographic segments and all major product categories. We grew EPS by 18 percent and generated operating cash flow of $16.3 billion during the quarter, a June quarter record for both metrics.”
Breaking down Apple’s sales by region, in the Americas revenue increased 8% to $27 billion. Sales in the world’s largest smartphone market, China, rose 1.9% to $9.3 billion. Apple also did very well in Europe where revenues of $14.2 billion produced a hike of 18.9% year-over-year.
During this afternoon’s conference call, Apple CFO Luca Maestri said that the release of the new iPhone 12 series will be a few weeks late.
