Apple launched its fiscal Q1 2021 outcomes. The corporate has reached two main milestones throughout this quarter which encompasses the months of October, November, and December. Along with Apple breaking previous $100 billion in income of any quarter within the firm’s historical past, Apple CEO Tim Cook dinner additionally revealed to Retuters that the iPhone has surpassed 1 billion lively customers for the primary time.
Apple ended the quarter with $111.44 billion in income, and reported $28.6 billion in earnings. That is in comparison with 2020’s Q1 which ended with $91.eight billion in income and $22.2 billion in earnings. Apple attributed robust progress in Wearables, iPhone, and Providers – all of which noticed income data.
Throughout the quarter, Apple had a number of new merchandise launch to market. The iPad Air, new M1 MacBook and Mac Mini, 4 new 5G iPhone 12 fashions, and the corporate launched Apple One, a subscription service with totally different tiers that bundles Apple’s companies collectively. For $15/month, Apple bundles Music, television+, Arcade, and 50GB of iCloud storage. The best tier runs $30/month and comes with 2TB of iCloud storage, Information+, and Health+ as effectively.
Mac and iPad gross sales have seen regular progress as of us proceed to work and examine from house. This quarter ended with 1.65 billion lively Apple gadgets. 1 billion of those lively gadgets are iPhones, in line with Apple CEO Tim Cook dinner in an interview with Reuters.
Cook dinner instructed Reuters that Apple has seen robust gross sales in China the place it sees many new iPhone customers who switched from Android rivals whereas many who already had iPhones have been upgrading to the newest iPhones.
For years now, Apple not reveals what number of iPhones the corporate offered in a given quarter, however the iPhone is actually Apple’s largest cash maker. Right here’s Apple’s breakdown of its Q1 income throughout the classes of merchandise that it sells:
- iPhones: $65.6 billion
- Providers: $15.76 billion
- Mac: $eight.68 billion
- Wearables, House, and Equipment: $12.97 billion
- iPad: $eight.44 billion
Head to Apple’s Newsroom to seek out all of the earnings particulars.