The above graph represents the worldwide Apple revenue by quarter, starting from fiscal Q1 1993 to the most recently completed quarter. In fiscal Q1 2020, Apple posted its highest-ever quarterly revenue of $91,819 million ($91.8 billion), globally, with nearly 8.9% YoY growth. On a quarterly basis, the company recorded an impressive 43.4% QoQ growth. The growth was primarily driven by the strong demand for iPhone 11 and iPhone 11 Pro models, and a record revenue from Services and Wearables business.
Apple Quarterly Revenue Worldwide: History
|Source:||Apple’s official Reports, SEC Filings|
|Note:||Apple financial year – October 1 to September 30|
Apple’s revenue in fiscal Q3 2019 amounted to $53,809 million ($53.8 billion), worldwide – the highest revenue in June quarter ever. The growth was primarily driven by all-time record revenue from Services, accelerating growth from Wearables, strong performance from iPad and Mac and the significant improvement in iPhone trends as well, according to Tim Cook. However, the company recorded a notable -7.2% decline in its Q3 revenue when compared to the previous quarter.
It is important to note that the first fiscal quarter of every year, known as the holiday quarter, has always been the most promising for the company, in terms of revenue and sales. It was fiscal Q1 2013 when the quarterly revenue of Apple crossed $50 billion for the first time.
While in fiscal Q1 2018, ended on December 30, 2017, Apple’s global revenue hit a new record of $88,293 million ($88.3 billion), with nearly 13% YoY growth. Nearly 70% of that came from the global sales of iPhones. iPhone X, iPhone 8 and 8 Plus emerged as the three best-selling smartphones of Q1 2018.
About Apple Inc: Additional Information
Apple Inc. (NASDAQ: AAPL) was founded on April 1, 1976, by Steve Jobs, Steve Wozniak, and Ronald Wayne. The company is popularly known for its line of smartphones called iPhones. Apart from iPhones, the Cupertino giant develops and sells iPad, Macbooks, iPod, Apple Watches, Apple TV, HomePod, and some other online services.
Apple’s first product was Apple I, a desktop computer that was designed and hand-built entirely by Steve Wozniak.
On December 12, 1980, Apple went public, by selling 4.6 million shares at $22 per share.
On January 9, 2007, Steve Jobs unveiled the first generation of iPhone at the Macworld 2007 convention, in San Francisco. However, it was launched on June 29th in the United States, at the price of $499 for the 4GB model and $599 for the 8 GB model. After the initial hiccups, the worldwide sales of iPhone skyrocketed from fiscal Q4 2008, when Apple recorded nearly 9X jump in the sales of the iPhone.
After 10 years, in September 2017, Apple Inc. celebrated its 10th anniversary of iPhone by launching its most-expensive, most-innovative iPhone X, along with iPhone 8 and 8 Plus.
With a brand value of $205.5 billion, Apple tops the list of World’s Most Valuable Brands 2019 by Forbes, for the ninth year in a row.
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