Apple reports Q1 2021 revenue of $111.4 billion

Just three months ago, Apple reported its fourth fiscal quarterly earnings, raking in billions of dollars (again). And now the company’s back with its latest report, and once again raking in billions of dollars.

While the last quarterly earnings report was a big one (as they tend to be), this one is huge thanks to the holiday shopping season. It helps that the last three quarters also include the iPhone 12 lineup’s launch. And this time around there are M1 Macs to consider, too. So it’s no surprise that Apple has had yet another strong quarter.

So today, Apple announced the first fiscal quarterly earnings for 2021. According to the company, it earned $111.4 billion in revenue over the last three months. That compares to the $91.8 billion in the first fiscal quarter earnings of 2020 the company brought in. And then, of course, that’s riding on the strong fourth fiscal quarter of 2020, which saw Apple bring in $64.7 billion in revenue. Apple made $28.76 billion in profit this year.

Apple says that revenue is up 21 percent, and that the iPhone, Wearables, and Services divisions set new revenue records with the latest results. Apple also noted that international sales accounted for a whopping 64% of the quarter’s revenue.

This is a milestone for Apple, too. This is the first time the company has surpassed $100 billion in quarterly revenue.

Per the announcement:

Apple today announced financial results for its fiscal 2021 first quarter ended December 26, 2020. The Company posted all-time record revenue of $111.4 billion, up 21 percent year over year, and quarterly earnings per diluted share of $1.68, up 35 percent. International sales accounted for 64 percent of the quarter’s revenue.

Apple’s CEO, Tim Cook, weighed in on the latest quarterly earnings:

This quarter for Apple wouldn’t have been possible without the tireless and innovative work of every Apple team member worldwide,” said Tim Cook, Apple’s CEO. “We’re gratified by the enthusiastic customer response to the unmatched line of cutting-edge products that we delivered across a historic holiday season. We are also focused on how we can help the communities we’re a part of build back strongly and equitably, through efforts like our Racial Equity and Justice Initiative as well as our multi-year commitment to invest $350 billion throughout the United States.

And, as usual, the company’s CFO, Luca Maestri, had this to say:

Our December quarter business performance was fueled by double-digit growth in each product category, which drove all-time revenue records in each of our geographic segments and an all-time high for our installed base of active devices,” said Luca Maestri, Apple’s CFO. “These results helped us generate record operating cash flow of $38.8 billion. We also returned over $30 billion to shareholders during the quarter as we maintain our target of reaching a net cash neutral position over time.

Apple stopped reporting device sales numbers quite some time ago, and so there isn’t that data to include in today’s announcement. However, we do have general sales numbers, which you can find below.

  • iPhone: $65.6 billion
  • Mac: $8.68 billion
  • iPad: $8.44 billion
  • Wearables, Home, and Accessories: $12.97 billion
  • Services: $15.76 billion

Another solid quarter for Apple as it heads into 2021. Did you buy any new devices from Apple in the last three months?