Apple’s quarterly revenue exceeds $ 100 billion

Apple’s quarterly revenue exceeds $ 100 billion

Announced a company Apple reports fiscal revenue for the first quarter of 2021, which covers the fourth quarter of 2020 and the holiday sales season.

This means that this is the first time that we are getting a real indication of how the iPhone 12, iPhone 12 mini, iPhone 12 Pro and iPhone 12 Pro Max is dealing with consumers.

Apple’s quarterly revenue exceeded $ 100 billion for the first time in the company’s history, making $ 111.4 billion in total, up 21 percent year-on-year.

International sales accounted for 64 percent of the quarter’s revenue, and the results helped deliver a record operating cash flow of $ 38.8 billion.

And iPhone phones that support fifth-generation networks helped push phone revenues to a new record high and increased China’s sales by 57 percent, to $ 21.31 billion.

IPhone revenue was more than $ 65 billion, and the previous record for iPhone revenue was $ 61.58 billion, which the company achieved in the first quarter of fiscal 2018.

IPads and Macs have seen a spike in sales during the extended period of home work and distance education as a result of the pandemic.

IPad sales rose 41 percent to $ 8.44 billion, and Mac sales rose 21 percent year-on-year to $ 8.68 billion.

CEO Tim Cook said that Apple exceeded 1.65 billion active devices worldwide during the quarter, compared to about 1.5 billion devices a year ago, and iPhones represent more than a billion of these devices, an increase of more than 900 million devices revealed by the company. In 2019.

AirPods, AirPods Pro, and Apple Watch were a huge success, increasing the wearable and accessories division’s revenue 30 percent year-on-year and the division’s revenue of $ 12.97 billion.

The service business, which includes Apple’s new package of TV, music and cloud storage services, generated $ 15.76 billion in revenue.

Cook said: Apple has 620 million paying subscribers through its platform, which is ahead of its goal of reaching 600 million subscribers by the end of 2020.

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