Apple breaks records by earning more than $ 100 billion in first quarter 2021 results
The company published results for the first quarter of its fiscal year 2021 (Q1 2021), which covers the last three months of 2020. The overall tone of Apple’s results is generally record-setting, and the beginning of 2021 was particularly good for Apple. technology company.
The launch of the iPhone 12 helped Apple to exceed $ 100 billion for the first time, an increase of 21% over the same period last year. With the iPhone division leading the way, services are Apple’s second main revenue driver, followed by Mac and iPad.
Apple made a total of $ 111,004 million in its first quarter of 2021, a record number that puts it above 100 billion for the first time and represents a 21% increase over the previous period. Although the technology company no longer discloses the volume of iPhones sold, the data indicates that more than half of its revenue comes from iPhones. Specifically, this is division by division.
Apple Q1 2021 sales revenue
Iphone : 65.597 million dollars. 17% growth year on year.
Services : $ 15.761 million. 24% growth year on year.
Apple Watch, household products and accessories : $ 12.971 billion. Annual growth of 29%.
Mac : 8,675 million dollars. 21% growth year on year.
iPad : 8,435 million dollars. 41% growth year on year.
The iPhone 12 was a huge boost for Apple, although 2020 was also the year of the iPad Pro, iPad Air or the first Macs with an M1 processor. Apple has managed to increase revenues by more than 20% in virtually all of its divisions, with special growth on the iPad, with 41% more than in the previous corresponding period.
In addition to the division’s specific records, Apple says the pandemic has also boosted record usage on Facetime.
Apple also indicates that demand for Macs with the M1 chip has been “very strong”, that Germany and Japan have seen “the largest iPad deployment in its history” and that they recorded the highest volume ever on Facetime calls , mainly due to the mobility restrictions imposed by the pandemic.
“Our business results in the December quarter were driven by double-digit growth in each product category, generating record revenue in each of our geographic segments and a historic record in our installed base of active devices.” Luca Maestri, Apple’s chief financial officer.
After the results, Apple’s Board of Directors declared an effective dividend of $ 0.205 per share, payable on February 11, 2021 to shareholders registered at the close of business on February 8, 2021. Apple shares, with a capitalization of 2.4 trillion dollars, reacted with a slight drop to the publication of the results.