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There are some companies which pay taxes, do not receive subsidies from the state, do not have any family ties with top government officials, do not claim compensation from the authorities at the expense of taxpayers, do not have access to unlimited natural resources, and their employees receive wages on time. Nevertheless, they make billions! The most successful of them is Apple. The American technology giant has shown record-breaking results. Overall revenue for the fourth quarter of 2019 amounted to $64 billion. According to Tim Cook, the company's chief executive, such good financial performance was achieved due to the accelerated growth in Apple's service segments. Services generated $12.5 billion, or almost 20 percent of total revenue. The company also noted that the revenue growth had been fuelled by sales of wearables and iPad. At the same time, net income for the quarter was $13.7 billion, down by 4 per cent from $14.1 billion. The company is likely to hit new records driven by new products success. In September 2019, the American company introduced a new generation of iPhones: iPhone 11, iPhone 11 Pro, and iPhone 11 Pro Max. Sales of the new models were beyond all expectations. или Sales of the news models were a roaring success. In addition, in October, Apple announced the launch of its new noise-cancelling AirPods Pro. On November 1, the giant launched the Apple TV+ video subscription service.
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