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October 2020: Apple opens books at the end of the month

by Milan
October 2, 2020
Photo by Phongphan / Bigstockphoto

Stock market graph and business financial data on LED. Business graph and stock financial indicators. Stock or business market analysis concept. Business financial or stock market background. Business graph on stock market financial exchange

It's that time again. Apple has announced that it will release its fourth fiscal quarter (third calendar quarter) results at the end of this month.

Apple today announced via its Investor Relations website announcedthat the company will release results for the fourth fiscal quarter (third calendar quarter) on October 29th. Side note: Apple's fiscal year starts on October 1st and ends on September 30th. Q4 results usually indicate the start of sales of new iPhone models. But this year the whole thing has been delayed, which is why sales of the iPhone 12 series will not be included until the next quarter. However, it can be assumed that the company will provide details on the Apple Watch Series 6 and SE. Due to the ongoing COVID-19 pandemic, Apple has not made a forecast for the recently completed quarter either. 

This time too it remains exciting

The Cupertino-based company posted revenue of $59.7 billion in the third quarter of 2020, a record quarter set up. In addition to an increase in the services sector, sales of Mac and iPhone devices have also increased significantly. This can be attributed to the fact that many people are working or studying from home. This makes Apple's latest financial results all the more exciting. The procedure for this meeting is always the same. The figures are expected to be published at 11 p.m. (CEST), followed by the well-known conference call, where the results will be discussed and questions answered. (Photo by Phongphan / Bigstockphoto)

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