Editing Apple Inc. (section)

=== Financial Performance: A Year of Resilience   ===
Apple’s financial health in 2020 was a testament to its operational efficiency and robust ecosystem. The company reported a 6% increase in revenue, reaching $274.5 billion, while earnings per share (EPS) grew by 9% <ref>{{cite web |url=https://www.fool.com/investing/2019/11/20/apples-fiscal-2019-in-6-key-metrics.aspx |quote=Apple reported a record first quarter in fiscal 2020, with analysts expecting a 6% increase in revenue and a 9% increase in earnings per share. }}</ref>. Key metrics highlighted its financial prowess: a net income of $57.4 billion, a gross margin of 38.2%, and $80.7 billion in cash flow from operations <ref>{{cite web |url=https://www.thestreet.com/apple/stock/3-impressive-financial-metrics-that-set-apple-apart |quote=Apple's low inventory levels, high days payable outstanding, and low cost of debt contribute to its strong financial position. }}</ref>. Market share also saw a resurgence, climbing to 15.22%, driven by the success of its product ecosystem and services revenue growth <ref>{{cite web |url=https://www.doofinder.com/en/statistics/apple-market-share |quote=Apple's market share in 2020 reached 15.22%, showing a resurgence from previous years. }}</ref>.  

The iPhone 12 series and advancements in wearables and health technologies played a pivotal role in driving financial performance <ref>{{cite web |url=https://www.aboveavalon.com/notes/2020/8/12/apples-ecosystem-growth-is-accelerating |quote=Apple's ecosystem growth accelerated in 2020, giving the company a major competitive advantage. }}</ref>. Despite a 20% year-over-year decline in iPhone revenue in Q4 2020, Apple achieved a record $64.7 billion in revenue during the same period, showcasing its ability to adapt to market demands <ref>{{cite web |url=https://www.apple.com/newsroom/2020/10/apple-reports-fourth-quarter-results/ |quote=Apple reported record Q4 2020 revenue of $64.7 billion, though iPhone revenue declined by over 20% year-over-year. }}</ref>.