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Get to know your offshore companies: APPLE INC. (NASDAQ: AAPL)

Apple announced its financial results for the first quarter (FY2020), ended 28 December 2019 on Tuesday, 28 January 2020.

The group’s quarterly revenue increased by 8.9% from $8.4 billion (2019: Q1) to $9.1 billion (2020: Q1). When considering the different categories in which Apple earns revenue, there was a decline of 3.5% in the revenue from Mac, while iPad revenue declined by 11.2%. The group attributes these declines in comparison to the first quarter of 2019 to the release of the MacBook Air, Mac mini and iPad Pro during December 2018.

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