Tim Cook touts successes in healthcare as Apple reports record $92B revenue

Andrea Park - Print  | 

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 latest in our ongoing effort to put the future of health in the hands of every user. Customers in the U.S. can enroll in three landmark multiyear health studies that we're undertaking with leading academic and research institutions." He added, "As in everything we do, we built user privacy into the Research app from the ground up."

Later, while discussing the wearables segment, Mr. Cook further touted Apple's prominence in the healthcare industry, saying, "We also continue to see strong demand for our products in the enterprise market as our technology solutions enable businesses to do their best work. One hundred percent of Fortune 500 companies in the healthcare sector use Apple technology in areas such as patient experience, clinical communications and nursing workflows."

View the full earnings report here.

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