Notes of interest from Apple's Q1 2020 holiday earnings report and conference call

By Mike Wuerthele

Following the publication of its first fiscal quarter of 2020 results, encompassing the holiday quarter, Apple provided additional detail surrounding the particulars of the report during an hour-long conference call.

Tim Cook (left) and Luca Maestri (right)

Apple's first fiscal quarter earnings

Apple reported record revenue of $91.8 billion, with a diluted earnings per share of $4.99. Specifically, $56.0 billion came from the iPhone, $7.2 billion came from the Mac, and $6.0 billion came from the iPad. Apple also reported $12.7 billion in Services revenue, with an additional $10.0 billion coming from accessories, home, and wearables.

"We are thrilled to report Apple's highest quarterly revenue ever, fueled by strong demand for our iPhone 11 and iPhone 11 Pro models, and all-time records for Services and Wearables," said Tim Cook, Apple's CEO. "During the holiday quarter our active installed base of devices grew in each of our geographic segments and has now reached over 1.5 billion. We see this as a powerful testament to the satisfaction, engagement and loyalty of our customers -- and a great driver of our growth across the board."

Apple's quarter revenue and net profit from 2012 to present

"Our very strong business performance drove an all-time net income record of $22.2 billion and generated operating cash flow of $30.5 billion," said Luca Maestri, Apple's CFO. "We also returned nearly $25 billion to shareholders during the quarter, including $20 billion in share repurchases and $3.5 billion in dividends and equivalents, as we maintain our target of reaching a net cash neutral position over time."

Apple's iPhone 11, crucial to the holiday quarter's earnings

Participating in Thursday's call were Apple Chief Executive Tim Cook and Chief Financial Officer Luca Maestri.

Highlights from the earnings report, and the conference call