Apple’s iPhone 11 and AirPods help company hit a new revenue record

Photo by Amelia Holowaty Krales / The Verge

Apple reported its first quarter results for fiscal year 2020 this afternoon, offering an important look into the company’s holiday sales quarter and momentum of Apple’s various services. The company posted earnings of $4.99 per share and revenue of $91.8 billion. Both outperformed analyst expectations, which were $4.54 earnings per share and revenue of around $88.43 billion.

“We are thrilled to report Apple’s highest quarterly revenue ever, fueled by strong demand for our iPhone 11 and iPhone 11 Pro models, and all-time records for Services and Wearables,” Apple CEO Tim Cook said in a press release. “During the holiday quarter our active installed base of devices grew in each of our geographic segments and has now reached over 1.5…

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Author: Chris Welch