In a Year of Tumultuous Change due to the Outbreak of COVID-19 worldwide, Apple Along with High-Performing S&P Tech Stocks, Bolsters the Economy
On Thursday, Apple announced financial results for its fiscal 2020 fourth quarter ended September 26, 2020 with a record September quarter revenue of $64.7 billion and quarterly earnings per diluted share of $0.73. Live streaming of Apple’s Q4 2020 financial results conference call is now available at apple.com/investor/earnings-call/ for two weeks. Consolidated financial reports can be viewed here.
Other notable S&P tech stocks keeping the economy going strong include Alphabet’s Google, Amazon, Netflix, Facebook and Microsoft.
Over the course of the last three months starting in September, Apple has been releasing a slew of new products with one event per month.
September’s Event brought a new Apple Watch SE, an eighth generation iPad, iPad Air and iOS 14.
October’s Event brought a brand new iPhone 12 with Pro and Max versions and a new HomePod Mini.
This month on November 10th, Apple is expected to release new products such as updated MacBook Pros and the debut of Apple Silicon Macs.
COVID-19 has brought on many challenges, but it has also brought opportunities from increased product delivery at home for Amazon, which has seen its revenue skyrocket to $96 billion in the past quarter - a new record - to an increased demand for Apple’s products as more people work from home.