Apple Achieves All-Time Revenue Record in Malaysia; Driven by iPhone and iPad

Apple today has revealed that it has achieved an all-time quarterly revenue record of USD 91.8 billion (~RM 374.4 billion) for the first quarter of its fiscal year 2020 which ended on 28 December 2019. This is apparently a 9% percent increase over the same period from the previous fiscal year. 

Interesting enough, Malaysia’s name was actually mentioned inside the announcement. According to the company’s Senior Vice President & Chief Financial Officer, Luca Maestri, Apple has managed to achieved an all-time revenue record in Malaysia during the quarter. 

This sounds like a repeat of last year’s announcement in which Apple has stated that its revenue in Malaysia has grown by “double digits” rate. However, the actual statistics for both quarters were not revealed by Apple. 

In the same announcement, Luca also stated that Apple managed to achieve all-time quarterly revenue record for iPhone in Malaysia as well. Globally, iPhone revenue grew 8% to the tune of USD 56 billion (~RM 228 billion). 

Not to forget, Apple’s CEO Tim Cook also pointed out that there is noticeable growth for iPad in Malaysia which is being viewed as one of the key emerging markets for the device. Altogether, iPad has generated USD 6 billion (~RM 24 billion) of revenue throughout the world during the quarter. 

Given the financial results, we believe that it is fair to say that Malaysians certainly love iPhones. With persistent rumours of the more affordable iPhone SE 2 coming to the market this year which could attract users due to its price point, it seems quite possible for Apple to further extend its streak in Malaysia this year. 

(Source: Apple. Transcript: Motley Fool.)

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