+20 C°
Traffic jam:   3

Apple has made more than $100bn in the quarter for the first time

28 January 2021
2 min.
Apple has made more than $100bn in the quarter for the first time

Company's sales

Apple surpassed the high expectations of Wall Street analysts by reporting new record figures for the past holiday quarter. The company noted a boom in iPhone upgrades in China and strong growth in each of its segments.

Apple (AAPL), the largest US public company by market capitalisation of almost $2.4 trillion, more than justified the high sales expectations of market experts during the holiday quarter.

For Q1 of fiscal 2021, which ended last month, Apple reported a 34 per cent rise in earnings per share to $1.68.

Total revenue rose 21% to $111.4 billion.

Apple's international sales accounted for 64% of revenue for the quarter. Sales in Greater China totaled $21.31 billion, up from $13.6 billion last year, the most in Apple's sales history in the region.

iPhone sales in Q1

Sales of iPhones for the holiday quarter rose 17% to $65.6 billion, $5 billion more than analysts had expected. The figure represented 59% of Apple's total revenue.

Sales of Macs, iPads, wearable devices and Apple services

Mac sales grew 21% to $8.7 billion, while iPad tablet sales increased 41% to $8.4 billion. Remote working and home learning trends, driven by the coronavirus pandemic, drove sales in both product categories.

Revenue in the Wearable Devices, Home and Accessories division, which includes the Apple Watch, AirPods wireless headphones, smart speakers and more, rose 30% to nearly $13 billion. New Apple Watch and AirPods models drove sales growth during the quarter. Apple's services business grew 24% to $15.76 billion, with Apple services including the App Store, iCloud, Apple Pay, Apple Music, Apple TV+ and others.

This category should continue to grow going forward, as Apple notes "a record high installed base of active devices".

Apple shares, up nearly 80% over the past 12 months, declined after the quarterly results were announced, possibly due to a lack of outlook for investors.

Apple has refused to give forecasts since the Covid-19 pandemic began in early 2020, citing conditions of uncertainty, the company has not given sales or profit forecasts for the current quarter.

Companies1 in the news

1 place


Rating companies
68 Mention
66 Mention
64 Mention
55 Mention
Dow Jones
51 Mention
50 Mention
35 Mention


News from GlobalNY.biz is the freshest and most relevant information about high-profile events in the region. The task of the resource's news feed is to convey to readers with maximum accuracy and objectivity information about important events in business, politics, economy, healthcare, culture and other spheres of life in New York.
GlobalNY.biz news is a coverage of economic processes taking place in New York, the latest news of public life, incidents and an overview of political events. New York news is information about the activities of small and medium-sized businesses, the work of housing and communal services and utilities, the implementation of significant projects.
The site's journalists describe not only the life of the region, but also talk about the current state of the US economy. Everything you need to know about innovations in the field of industry and agriculture, economy and power is collected in the "News" section at GlobalNY.biz.
New York news quickly informs the reader, shows the real picture and opens up hot topics. Communication with government structures and business enables us to provide our readers with reliable, information-rich material. The main page of the portal contains the key news of New York!
Alena Potapova

Development Director