Apple announced FY2020 Financial Results on October 29th, 2020

Apple (NASDAQ: AAPL) announced its FY2020 financial results on October 29th, 2020. As a result, its net sales, operating income, and net income increased by 5.5%, 3.7%, and 3.9% (TTM), respectively, compared to FY2019.

When reviewing the performance depending on regions, the sales in Europe increased 13.9% and those in Americas increased 6.5%. Meanwhile, the sales in China decreased by 7.7% and those in Japan decreased by 0.4%.

As for the respective product, although sales of iPhone decreased by 3.2%, sales of Mac increased by double digits (+11.2%) while wearable, home and accessories increasing by 25.1%. Comparing sales by products and sales by service, the products showed a modest growth of 3.2%, while the service showed double-digit growth of 16.2%.

Apple continued to repurchase shares in FY2020, and it accounts for $ 114.9 billion. This amount of capital corresponds more than 5% of Apple’s outstanding shares.

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