Apple on Thursday posted results for its fiscal quarter ending March 28, 2020. The company reported quarterly revenue of $58.3 billion, an increase of 1 percent from the year-ago quarter, and quarterly earnings per diluted share of $2.55, up 4 percent.
“Despite COVID-19’s unprecedented global impact, we’re proud to report that Apple grew for the quarter, driven by an all-time record in Services and a quarterly record for Wearables,” said Tim Cook, Apple’s CEO. “In this difficult environment, our users are depending on Apple products in renewed ways to stay connected, informed, creative, and productive.
Sales of iPhones were down this quarter over the year ago quarter. Mac and iPad sales were down only slightly from the year ago quarter, but the company made big gains in Wearables, Home and Accessories, as well as Services.
Also don’t expect Apple’s commitment to giving back to communities to stop any time soon during the global pandemic.
“We feel motivated and inspired to not only keep meeting these needs in innovative ways, but to continue giving back to support the global response, from the tens of millions of face masks and custom-built face shields we’ve sent to medical professionals around the world, to the millions we’ve donated to organizations like Global Citizen and America’s Food Fund,” said Cook.