Apple announces second quarter 2020 results, unexpected sales increase despite the impact of the new coronavirus
Apple has announced its financial results for the second quarter of 2020 (January-March). While sales were expected to decline due to the impact of the new coronavirus infectious disease (COVID-19), we are recording an unexpected increase in sales.
Apple reports $ 58.3B revenue in Q2, shows growth despite COVID-19
In February 2020, Apple 's production of iPhones and other products was affected by the new coronavirus, which was in full swing in China at that time, so sales in the second quarter of 2020 will be lower than originally expected. He warned investors about it. Initially, Apple expected sales in the second quarter of 2020 to be 63 billion to 67 billion dollars (about 6,760 billion to 720 billion yen), but considering the influence of the new coronavirus, the number Is being revised downward.
Apple officially announced that `` sales will decrease due to the influence of coronavirus ''-GIGAZINE
Then, on May 1, 2020, Apple announced its financial results for the second quarter of 2020. Sales for the second quarter of 2020 reached $ 58.3 billion (about 6,260 billion yen), a slight increase of 1% from $ 58 billion (about 6,220 billion yen) in the same period of the previous year. I am. According to Apple, sales in countries and regions outside the United States account for 62% of total sales.
`` Despite the unprecedented impact of the new coronavirus infection, Apple's CEO Tim Cook said, `` We are proud to be able to announce increased revenue in our quarterly results, driven by growth in areas such as services and wearables. I am making a statement. '
Gross profit for the second quarter of FY2020 was 9.5 billion dollars (about 1.2 trillion yen), which was the initial forecast of 9.6 billion to 9.7 billion dollars (about 1.3 trillion to 1.04 trillion). It fell slightly. The graph below shows sales (blue) and gross profit (green) for each quarter.
Wall Street experts predicted Apple's revenue for the second quarter of 2020 to be around $ 54.5 billion, well above that figure.
In addition, iPhone sales during the same period were 28,960 million dollars (about 3.1 trillion yen), down from 31 billion dollars (about 3.32 trillion yen) of the same period last year. iPad sales were $ 4.4 billion (about 470 billion yen), which was also down from $ 4.9 billion (about 530 billion yen) in the same period last year. However, as CEO Cook said, sales in the wearable home accessories category were $ 6.3 billion (about 680 billion yen), a significant increase from the previous year's $ 5.1 billion (about 550 billion yen). In addition, the sales of the services division recorded $ 13.4 billion (about 1.4 trillion yen).
Please note that due to the uncertain situation brought about by the new coronavirus, it is impossible for Apple to provide its outlook for the third quarter of 2020.
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