Apple has announced first quarter results for FY 2021, which ended on December 26, 2020.
The company generated revenue at a rate of 21% year-over-year in the quarter of $ 111.4 billion, setting a record for the company’s history, while net income per share was $ 1.68 compared to 35% in the quarter. International sales accounted for 64% of quarterly revenue.
The iPhone, wearables and service categories have made record profits in history. The iPhone 12 line has been more than successful, causing not only a jump in profits, but also a record number of upgrades from old iPhones to new ones and user changes from Android. The most popular were the iPhone 12 Pro models.
Apple CEO Tim Cook said:
For Apple, this quarter would not be possible without tireless innovation and innovation by every Apple team member around the world. We are delighted that customers have enthusiastically embraced our unmatched line of cutting-edge products that we have distributed this historic holiday season. We are also focused on helping the communities in which we are a part through our efforts with the launch of programs such as Racial Equality and Justice Initiative and our multi-year commitment of $ 350 billion across the United States . “
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