ASSOCIATED PRESS
Apple just posted its biggest quarter ever with record revenue and record profit. Apple’s fiscal 2021 first quarter, which ends on December 26, 2020, is one of the biggest in history for any company.
Services revenue grew faster than product revenue, China grew the fastest of any territory, and iPhone was the slowest-growing product category.
Here are all the massive numbers you need to know:
- Total revenue: $111.4 billion, up 21% year over year
- Earnings per share: $1.68
- Product sales: $95.7 billion, up 21%
- Services revenue: $15.8 billion, up 24%
- Net income: $28.8 billion, up 29%
Apple earnings were up in every single geography it does business:
- Americas: $46.3 billion, up 12%
- Europe: $27.3 billion, up up 17%
- Greater China: $21.3 billion, up 57%
- Japan: $8.3 billion, up 33%
- Rest of Asia Pacific: $8.2 billion, up 11%
Apple earnings were also up in every single product category:
- iPhone: $$65.6 billion, up 17%
- Mac: $8.7 billion, up 21%
- iPad: $8.4 billion, up 41%
- Wearable, Home, and Accessories: $13 billion, up 30%
- Services: $15.8 billion, up 24%
Add it all up and you have a monster quarter in which Apple benefited from the Covid-19 stay-at-home and work-at-home requirements almost globally. Interestingly, while almost every single category was up, Apple’s total operating expenses, including research and development and cost of sales, only rose by less than 12% to just under $11 billion.
Apple’s list of assets now stands at almost $110 billion in cash, marketable securities, and accounts receivable, while total assets now stand at just over $350 billion.
