Apple announced on Wednesday, January 27, its strongest increase in quarterly profits and record sales, crossing $ 100 billion (82 82.5 billion) for the first time.
The iPhone maker posted a net profit of $ 28.7 billion in the first quarter of the 2020-21 fiscal year, up more than 29% year-over-year. The group’s revenue reached $ 111.4 billion.
“We are pleased with the exciting feedback from our customers on the sophisticated products we offer during the holidays.”Apple boss Tim Cook said in a statement.
The first smartphone was compatible with 5G networks
The California-based company benefited from super-strong iPhone sales, bringing in a total of $ 65.6 billion (+ 17%). Since the end of October, the band has been selling its first smartphone compatible with 5G networks, providing high-speed internet connections.
Apple’s other flagship products also boosted sales, including the iPad (+41%, $ 8.4 billion) and various accessories, such as the Apple Watch or Airboats wireless headphones (+30%, $ 13 billion).
“Apple had an exceptional quarter in almost every product segment, commented Joram Wormser, analyst at eMarketer. As customers snatch Macs, iPods and phones from the group, this epidemic continues to benefit the company’s downfall. “
“The iPhone had a good quarter, with revenue of $ 10 billion, The expert continues. The anticipation of strong demand for the iPhone 12 Pro will be good for the coming quarters. “
Revenue from Apple services (App Store revenue, subscriptions, etc.) increased 24% to $ 15.8 billion.
Edward Langley is a contributor to Nintendo-power.com, covering a wide range of topics including news, business, technology, entertainment, lifestyle and current affairs. He focuses on delivering clear, balanced and accessible reporting that helps readers stay informed about important developments and emerging trends. With an emphasis on accuracy, relevance and useful insights, Edward aims to provide engaging stories and practical information that matter to audiences in the UK and beyond.