Apple Beats Records With Outstanding Fnancial Quarter

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Apple has reported its first quarter results for 2021, for the quarter that ended on 26 December 2020. The company has broken records in every category and made 21 percent more revenue than the same quarter a year ago.

Revenue was $111.4 billion, which is 21 percent up on the same quarter of 2020. This is a new record for the company.

Apple also generated record operating cash flow of $38.8 billion in the quarter.

International sales accounted for 64 percent of the quarter’s revenue.

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Apple no longer provided details of unit sales for its hardware, such as the iPhone, but it does reveal the money raised from sales in each category.

In the first quarter of 2021 the iPhone generated $65.579 million, compared to $55.957 million in the same quarter last year.

Mac sales were $8.675 million compared to $7.160 million in the first quarter of 2020, which ended in December 2019.

iPad sales were $8.435 million compared to $5.977 million in the same fiscal quarter.

And the Wearables, Home and Accessories section also saw an increase $12.971 million compared to $10.101 in quarter one of 2020.

Services was also up: $15.761 million compared to $12.715 million.

It seems that a world pandemic is not going to stop Apple making money.

For details of Apple’s previous financial quarter read: Apple’s quarterly report better than expected.

Interested in AAPL? Read our guide to buying Apple shares.





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