Apple FY20 results

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US / Apple to record 1.58 lakh crore profit in December quarter; iPhone sales up after one year

California. Apple’s profit rose 11.4% to $ 22.2 billion (Rs 1.58 lakh crore) in the October-December quarter. This is the largest ever quarterly profit of an American company. Apple benefited from increased sales of flagship product iPhone four quarters later. Most of Apple’s revenue comes from iPhone. IPhone sales grew 8% to $ 56 billion (Rs 3.99 lakh crore) in the December quarter. Apple’s total revenue increased 9% to $ 91.8 billion (Rs 6.54 lakh crore) in the previous quarter as compared to the December quarter of 2018. This is also the record so far. IPhone accounted for 61% of the total revenue. The company announced quarterly results on Tuesday.

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