Apple has announced financial results for its fiscal 2020 fourth quarter ended September 26, 2020.
The tech giant posted record Q4 revenue of $64.7 billion (£50bn). International sales accounted for 59% of the quarter’s revenue.
During the earnings call, Tim Cook revealed that Apple would launch its Apple One subscription bundle today (October 30) combining six services, including Apple Music, Apple TV+ and Apple News+. The single plan is £14.95 for UK users.
In its Services division, Apple set an all-time revenue record of $14.5 billion (£11.2bn), including a record result for Apple Music.
“Apple capped off a fiscal year defined by innovation in the face of adversity with a September quarter record, led by all-time records for Mac and Services,” said Tim Cook, Apple’s CEO.
“Despite the ongoing impacts of Covid-19, Apple is in the midst of our most prolific product introduction period ever, and the early response to all our new products, led by our first 5G-enabled iPhone lineup, has been tremendously positive.”
Apple’s results were ahead of expectations despite a fall in sales for iPhones as home-working increased demand for Macs and iPads. There was also a delayed launch of the iPhone 12.