Apple's $64.7B Q4 beats Street estimate, but China sales flag

Apple's revenue in the fourth and final quarter of the fiscal year 2020 reached $64.7 billion, the iPhone maker revealed on Thursday, with the quarter also resulting in Apple's highest annual revenue figure.

Announced by Apple ahead of a customary conference call with analysts, Apple earned $64.7 billion for the quarter ending September 2020, an increase of about 1% from the $64 billion earned last year. Earnings-per-share for the quarter reached $0.73, down from the $3.03 seen in pre-stock split Q4 2019.The gross margin of $24.7 billion is up from the $24.3 billion seen in Q4 2019, while operating expenses hit $9.9 billion.

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