Apple Earnings: $111.4B With Well Over Half In iPhone Sales
The Apple logo is displayed at an event at their headquarters in Cupertino, California, U.S. September 10, 2019. REUTERS/Stephen Lam/Files

Apple Earnings: $111.4B With Well Over Half In iPhone Sales

Today, Apple announced its earnings for the first quarter of its 2021 fiscal year, or the fourth quarter of the 2020 calendar year. The Cupertino firm posted revenue of $111.4 billion, an increase of 21% over the same quarter last year. Quarterly earnings per diluted share were $1.68, an increase of 35%. It was Apple’s first $100 billion quarter.

 

As you’d expect, especially in a holiday season, most of that was made up of iPhone sales. Indeed, the company sold $65.597B worth of iPhones, compared to $55.957B in the same quarter last year. The second-biggest category is Services, which brought in $15.761 billion, a significant increase over last year’s $12.715 billion.

 

Wearables, Home, and Accessories brought in $12.971 billion, a big increase from $10.01 billion. Next up is the Mac, which brought in $8.675B, an increase from $7.160B. It would seem that the Mac’s spot might be usurped by the iPad, which brought in $8.435B, a significant increase from $5.977B. Of course, it’s possible that Mac revenue was offset by the introduction of ARM silicon devices in November.

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“This quarter for Apple wouldn’t have been possible without the tireless and innovative work of every Apple team member worldwide,” said Tim Cook, Apple’s CEO. “We’re gratified by the enthusiastic customer response to the unmatched line of cutting-edge products that we delivered across a historic holiday season. We are also focused on how we can help the communities we’re a part of build back strongly and equitably; through efforts like our Racial Equity and Justice Initiative; as well as our multi-year commitment to invest $350 billion throughout the United States.”

 

As Apple noted in its press release, it was a record quarter. It is, of course, always a record quarter for Apple; and similar companies as they continue to show growth.

 

 

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