Apple's Quarterly Revenue Hits $100B for First Time
Main page News, Apple

Apple's revenue for the first quarter of fiscal year 2021 experienced a 21% increase compared to the same period in 2020 to $111.4B, according to company reports.

Earnings per share rose 35% to $1.68. iPhone sales accounted for 57% of total revenue and reached a record $65.6B, up 17% from the previous year. The last iPhone sales record was reached in 2018, when the company earned $61.5B from the sales of the device.

Revenue from Mac sales increased by 21% year-over-year to $8.68B, while iPad revenue rose 42% to $8.44B.

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Services such as Apple Music or Apple TV+ generated revenues of $15.76B, which is 24% higher than during the first quarter of 2020.

The "wearable devices" segment, which includes the Apple Watch and the AirPods, grew the most. Its sales were up 29% year-on-year to $12.97B. In December, the company launched the AirPods Max.

International sales accounted for 64% of quarterly revenue. Sales in Asia also grew: sales in China, Taiwan and Hong Kong jumped by 57% to $21.3B.

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