Apple reports $12.7 billion profit in FY Q4 2020, sets September quarter record in India

Apple has reported quarterly revenue of $64.7 billion, up 1% YoY, and set a new September quarter record. It posted net profit of $12.7 billion, down 7.29% YoY and quarterly earnings per diluted share of $0.73 for the financial year Q4 2020 that ended September 26, 2020. During earnings call Tim Cook said that Apple has achieved a new September quarter record, despite the delay in iPhone 12 launch during the quarter, and the ongoing impacts of COVID-19, including retail store closures.

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