Becker's Healthcare January 29, 2020
Apple reported an all-time high revenue of $91.8 billion in the fiscal first quarter of 2020, representing a 9 percent year-over-year increase, according to an earnings report released Jan. 28.
The revenue surge was due not only to the success of the latest iPhone models, but also by record-high earnings in Apple’s wearables and services segments, both of which comprise core aspects of the company’s healthcare strategy, including the Apple Watch, the iCloud platform, Health Records and the newly launched Research app.
In a Jan. 28 earnings call, Apple CEO Tim Cook specifically highlighted the company’s moves into healthcare in his discussion of Apple’s first-quarter successes, according to iMore’s transcript of the call.
The Research app, he said, is “the...
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