Friday’s (Jan. 31st) pull back aside, this was a great week for Apple Inc.’s earnings.
On Tuesday, January 28th, Apple, Inc. (AAPL) released its Q1 2020 earning report. As you may know, the company reported top-line revenue of $91.8 billion, an increase of 9% year over year. The company’s net income was $22 billion.
Apple picked up 33.6 million Apple TV users in the U.S. alone. However most of them are not paying subscribers to their streaming service. Streaming subscription revenue is set to begin in 52 weeks.
At the end of 2019, Apple, Inc. saw strong demand for their iPhone 11 and iPhone Pro models and hit an all-time record for their services and wearable divisions.
You have a lot to look forward to.
Tyrone Jackson, The Wealthy Investor
