Last night, Apple announced the financial results for Q1 2020, and they are impressively good in the global context of the COVID-19 pandemic, the American company managing to stay at the same level as in 2019, when there were no problems of this kind.
Apple had revenues of 58.3 billion dollars and a profit of 11.25 billion dollars, compared to revenues of 58 billion dollars and a profit of 11.5 billion dollars, recorded in Q1 2019, and although the results are lower than the estimates made initially, they are surprisingly good in the global context.
Apple recorded a slight increase in revenue generated by the sales of iPhone phones, but also in those generated by the digital services it offers, so that in total the Americans did not suffer from COVID-19 except on the growth side of income.
Apple has not provided estimates for the revenues it will have in Q2 2020, which is normal since its stores in many countries have been closed for about a month, and sales in general have decreased, so the impact of COVID-19 would it was to be felt more seriously in this quarter.
"Despite the unprecedented global impact of COVID-19, we are proud to report that Apple grew for the quarter, driven by a consistent record in Services and a record quarter for Wearables," said Tim Cook, Apple's CEO. “In this challenging environment, our users depend on Apple products in renewed ways to stay connected, informed, creative and productive. We feel motivated and inspired to not only continue to meet these needs in innovative ways, but to continue to give back to support the global response, from the tens of millions of face masks and personalized face shields we've sent to professionals medical professionals around the world, to the millions we've donated to organizations like Global Citizens and America's Food Fund."
