Apple releases Q4 earnings report, revenue of $64.698 billion, iPhone revenue drop

Today, Apple released a performance report for the fourth quarter of the 2020 fiscal year, showing total revenue of 64.698 billion US dollars, an increase of 1% from 64.04 billion US dollars in the same period last year; net profit was 12.673 billion US dollars, a decrease of 8% from 13.686 billion US dollars in the same period last year.

Among them, iPhone revenue was US$26.44 billion, which was US$33.363 billion in the same period last year; Mac revenue was US$9.032 billion, which was US$6.991 billion in the same period last year; iPad revenue was US$6.797 billion, which was US$4.656 billion in the same period last year; wearable devices and household products. And accessories revenue was US$7.876 billion, compared with US$6.520 billion in the same period last year; service revenue was US$14.549 billion, compared with US$12.511 billion in the same period last year.

It is worth mentioning that the revenue in Greater China was US$7.946 billion, a decrease of 28.5% from US$11.134 billion in the same period last year.

After the earnings report was issued, Apple's stock price plummeted due to a sharp decline in iPhone revenue.