Apple rakes in big cash in first quarter of 2020; wearables shoot revenue over GHc5 trillion

Apple rakes in big cash in first quarter of 2020; wearables shoot revenue over GHc5 trillion

- Apple Inc has recorded a $91.8 billion in the first quarter of 2020 mainly as a result of its wearables

- The company made a profit of $84.3 in the year 2019 during the same period as well as $88.3 in the first quarter of 2018.

- There were however uncertainties over tariffs due to several factors but all of them were resolved in favour of the company

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Apple Inc’s revenue for the first quarter reached GHc510,137,465,400 or $91.8 billion, mainly due to its wearables.

The company positioned itself for the strongest holiday season in its history as it trimmed the prices of most iPhone models ahead of the 2019 holiday.

It, therefore, launched a number of new services in a bid to boost its subscription numbers.

Apple rakes in big cash in first quarter of 2020; wearables shoot revenue over GHc5 trillion

Source: venturebeat.com
Source: UGC

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An announcement of its fiscal first-quarter 2020 results left everyone surprised; a $91.8 billion in quarterly revenue compared to $84.3 in the year 2019 as well as $88.3 in the first quarter of 2018.

Per a report by venturebeat.com, the result is significant because the company provided a wide estimate range in the range last quarter, predicting revenues between $85.5 and $89.5 billion.

These numbers were higher than its famously troubled pre-holiday performance but potentially either falling short or exceeding the 2018 holiday season.

In the light of Apple’s history of offering and exceeding high quarterly growth estimates, the range appeared to imply that there is uncertainty over the impact of tariffs as a result of the current US-China trade dispute, currency exchange rates, and consumer demand for late-stage 4G phones.

YEN.com.gh understands that all of the issues were however resolved in favour of the company.

In other news, a video of a soldier leading a ‘jama’ session on his wedding day has caused a stir on the internet.

In the video, the soldier, whose identity is yet to be established, is seen wearing a white shirt, black vest, a white coat and black trousers.

His bride looked lovely as she walked down the stairs with him, wearing a white wedding gown and holding a bouquet of flowers.

People surrounding the couple were in high spirits as they participated in a call-and-response session with the soldier.

Some soldiers, dressed in uniform, were spotted directly behind the couple and played musical instruments.

Social media users have meanwhile reacted in various ways to the video

READ ALSO: Heartbreaking video of children using cement blocks as tables pop up online

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