Apple Q1 2020 revenue rises by 9 percent to $91.8 billion, forecasts up to $67 billion in quarter ending March
Apple’s earnings were partially powered by iPhone revenue, which rose to $55.96 billion in the quarter.
Apple's CEO Tim Cook blames weak macro-conditions and foreign exchange as key factors behind slow iPhone sales
When compared to Apple's earnings in Q2 2015, the earnings in Q2 2016 are significantly lower. In terms of pure numbers, Apple's earnings fell from $58 billion to $50.56 billion and profits fell from $13.6 billion to $10.5 billion. Apple is still making a lot of money, more than Microsoft and Google combined (around $40 billion), but the drop in earnings is indicative of deeper troubles for Apple.
Tim Cook spoke about the new iPhone SE, exceptional run with the iPhone 6, India market and more. Here are five quick takeaways from Apple's earnings call.