Apple Reports Second Quarter Fiscal Year Results

Apple today announced financial results for the second quarter of fiscal 2020, which ended March 28, 2020.

The company reported quarterly sales of $ 58,3 billion, up 1% over the same period last year, and quarterly net earnings per share of $ 2,55, up 4%.

62% of quarterly sales were made by Apple outside the United States. 

“Despite the unprecedented global impact of COVID-19, we are proud to announce that Apple grew during the quarter, driven by an all-time record in services and a quarterly record in wearables,” said Tim Cook, Apple's CEO.

Luca Maestri, Apple's CFO. “Our active base of installed devices has reached an all-time high across all our geographic segments and across all major product categories. We have also generated a operating cash flow of $ 13,3 billion during the quarter, an increase of $ 2,2 billion over the previous year. "

Apple's board of directors declared a cash dividend of $ 0,82 per share on the company's common stock, up 6%. The dividend will be paid on May 14, 2020 to shareholders registered at the close of business on May 11, 2020. The board of directors has also authorized an increase of $ 50 billion to the existing share repurchase program.

Apple will provide a streaming broadcast of its fiscal 2020 second quarter earnings release conference starting at 14:00 p.m. PDT on April 30, 2020 at www.apple.com/investor/earnings-call/. This webcast will also be available for replay for approximately two weeks.