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Saturday, January 30, 2021

Apple breaks all-time quarterly revenue record with $111 billion sales

Tech giant Apple has announced financial results for the first quarter of its 2021 financial year: the three month period until 26th December 2020. It’s reported a record quarterly revenue figure of $111.4 billion (£81.3 billion), up 21% year-on-year. International (non-USA) sales accounted for 64% of the quarter’s revenue.

iPhone sales generated $65.6 billion, beating the previous iPhone record from 2018. The company reckons 1.65 billion of its devices are in use around the world, including more than 1 billion iPhones, according to a Reuters interview.

Tim Cook, Apple’s CEO, said “This quarter for Apple wouldn’t have been possible without the tireless and innovative work of every Apple team member worldwide. 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.”

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Author: The Fonecast
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Categories: Handsets and manufacturers, NewsNumber of views: 197

Tags: usa apple

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