Apple Q1 2021 Results: Record-Breaking Revenue and Profit

Apple Newsroom:

Apple today announced financial results for its fiscal 2021 first quarter ended December 26, 2020. The Company posted all-time record revenue of $111.4 billion, up 21 percent year over year, and quarterly earnings per diluted share of $1.68, up 35 percent. International sales accounted for 64 percent of the quarter’s revenue. […]

“Our December quarter business performance was fueled by double-digit growth in each product category, which drove all-time revenue records in each of our geographic segments and an all-time high for our installed base of active devices,” said Luca Maestri, Apple’s CFO.

Double-digit growth in every category. That’s the story. Apple’s no GameStop, but they have a nice little business selling phones, computers, and services.

Wednesday, 27 January 2021