Apple surpassed over $100 billion revenue in a single quarter for the first time


Apple has been on a roll of creating history in terms of sales, revenue and market capital as per the fiscal Q1 2021 results released by the company that notes that the company earned $111.44 billion in revenue, and reported $28.6 billion in profits surpassing $100 billion in revenue for any quarter in the company’s history.

In a report to Reuters, Apple CEO Tim Cook also revealed that the Apple now has one billion active iPhone users for the first time in history. Cook also said that the company has seen strong sales in China where it added many new iPhone users switching from Android and users who upgraded to 5G iPhone model from old iPhone models.

In comparison Apple reported $91.8 billion in revenue and $22.2 billion in profits in the same quarter in 2020. The company notes that the revenues have jumped up with strong growth in the sales of Wearables, iPhone, and Services.

In 2020, Apple made several announcements and announced major new products including four new 5G iPhone 12 models, Macbook’s powered with Apple’s M1 chip and new iPad Air. The company also launched Apple One, a subscription service that bundles all Apple services (Music, tv+, Arcade, and 50GB of iCloud storage) starting at $15/month and the premium services for $30/month offers 2TB of iCloud storage, News+, and Fitness+ as well.

Apple doesn’t reveals how many devices it sold in any quarter but the earning number are available here:

iPhones: $65.6 billion

Services: $15.76 billion

Mac: $8.68 billion

Wearables, Home, and Accessories: $12.97 billion

iPad: $8.44 billion

Source: Apple

Leave a Reply