Apple breaks records by earning more than $100 billion in Q1 2021 results.
The company has published the results corresponding to the first quarter of its fiscal year 2021 (Q1 2021), which covers the last three months of 2020. The general tone of Apple’s results is usually record-breaking, and the start of 2021 has been particularly good for the tech company.
The launch of the iPhone 12 has helped Apple surpass $100 billion for the first time, up 21% over the same period last year. With the iPhone division leading the way, services are the second key driver of Apple’s revenue, followed by Mac and iPad.
Apple has earned a total of 111,004 million dollars in its Q1 2021, a record figure that puts it above 100 billion for the first time and represents a 21% increase compared to the previous period. Although the technology company no longer discloses the volume of iPhones sold, the data indicate that more than half of its revenue comes from iPhones. Specifically, this is the breakdown by division.
Apple Q1 2021 sales revenue
iPhone: 65,597 million dollars. 17% year-on-year growth.
Services: 15,761 million dollars. 24% year-on-year growth.
Apple Watch, home products and accessories: 12,971 million dollars. 29% year-on-year growth.
Mac: 8,675 million dollars. 21% year-over-year growth.
iPad: 8,435 million dollars. 41% year-over-year growth.
The iPhone 12 has been a big push for Apple, although 2020 has also been the year of the iPad Pro, iPad Air or the first Macs with M1 processor. Apple has managed to increase revenues by more than 20% in virtually all its divisions, with special growth in iPad, with 41% more compared to the previous corresponding period.
In addition to division-specific records, Apple says the pandemic has driven record usage in Facetime as well.
Apple also indicates that demand for Macs with the M1 chip has been “very strong,” that Germany and Japan have seen “the largest deployment of iPads in their entire history” and that they have recorded their highest ever volume in Facetime calls, mainly due to the mobility restrictions imposed by the pandemic.
“Our business results in the December quarter were driven by double-digit growth in every product category, driving revenue records in each of our geographic segments and an all-time high in our installed base of active devices.” Luca Maestri, Apple’s chief financial officer.
Following the results, Apple’s Board of Directors declared an effective dividend of $0.205 per share, payable on February 11, 2021 to shareholders of record at the close of business on February 8, 2021. Apple shares, with a capitalization of 2.4 trillion dollars, reacted with a slight fall to the publication of the results.
