GSMArena.com GSMArena.com

Tip us

1.5m
109k
RSS

EV

Merch

Log in

Login

I forgot my password
Sign up
  • Home
  • News
  • Reviews
  • Videos
  • Featured
  • Phone Finder
  • Deals
  • MerchNew
  • Coverage
  • Contact
ADVERTISEMENTS

Apple Q1 2021 earnings report: $111.4 billion revenue, 1 billion active iPhone users

  • Post your comment
  • Comments (100)

Ricky 28 January 2021

Apple iOS macOS iPadOS

Apple released its fiscal Q1 2021 results. The company has reached two major milestones during this quarter which encompasses the months of October, November, and December. In addition to Apple breaking past $100 billion in revenue of any quarter in the company’s history, Apple CEO Tim Cook also revealed to Retuters that the iPhone has surpassed 1 billion active users for the first time.

Apple ended the quarter with $111.44 billion in revenue, and reported $28.6 billion in profits. This is compared to 2020’s Q1 which ended with $91.8 billion in revenue and $22.2 billion in profits. Apple attributed strong growth in Wearables, iPhone, and Services – all of which saw revenue records.

Apple Q1 2021 earnings report: $111.4 billion revenue, Apple has over 1 billion active iPhone users

During the quarter, Apple had several new products launch to market. The iPad Air, new M1 MacBook and Mac Mini, four new 5G iPhone 12 models, and the company launched Apple One, a subscription service with different tiers that bundles Apple’s services together. For $15/month, Apple bundles Music, tv+, Arcade, and 50GB of iCloud storage. The highest tier runs $30/month and comes with 2TB of iCloud storage, News+, and Fitness+ as well.

Mac and iPad sales have seen steady growth as folks continue to work and study from home. This quarter ended with 1.65 billion active Apple devices. 1 billion of these active devices are iPhones, according to Apple CEO Tim Cook in an interview with Reuters.

Cook told Reuters that Apple has seen strong sales in China where it sees many new iPhone users who switched from Android rivals while many who already had iPhones have been upgrading to the latest iPhones.

For years now, Apple no longer reveals how many iPhones the company sold in a given quarter, but the iPhone is certainly Apple’s biggest money maker. Here’s Apple’s breakdown of its Q1 revenue across the categories of products that it sells:

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

Head to Apple’s Newsroom to find all the earnings details.

Source

Related articles
  • Apple iPhone 12 Pro Max review Apple iPhone 12 Pro Max review
  • The new Mac Mini gets M1 chipset: much faster than the old Intel version, $100 cheaper The new Mac Mini gets M1 chipset: much faster than the old Intel version, $100 cheaper
  • MacBook Air with M1 gets official, boasts 18h of battery life MacBook Air with M1 gets official, boasts 18h of battery life
  • Apple to move production from China to India and Vietnam Apple to move production from China to India and Vietnam

Reader comments

  • Android-Authority
  • MxL
  • 31 Jan 2021

In multiple places, Apple was taken to court because they are the worst culprits. This isn't the first time they got caught.

  • Reply
V
  • Viv
  • YcP
  • 31 Jan 2021

But they will never pass Android as long as they are again "right to repair"

  • Reply
S
  • SShreyas
  • vI1
  • 30 Jan 2021

Now I am speechless. I'm sorry, I am at huge loss of words for you. There is no need to reply me as I won't be able to match your amazing level of understanding. For the sake of facts, kindly note that a CASE WAS FILED against Apple...

  • Reply
  • Read all comments
  • Post your comment
Total reader comments: 100

ADVERTISEMENTS

Phone finder

  • Samsung
  • Apple
  • Huawei
  • Nokia
  • Sony
  • LG
  • HTC
  • Motorola
  • Lenovo
  • Xiaomi
  • Google
  • Honor
  • Oppo
  • Realme
  • OnePlus
  • vivo
  • Meizu
  • BlackBerry
  • Asus
  • Alcatel
  • ZTE
  • Microsoft
  • Vodafone
  • Energizer
  • Cat
  • Sharp
  • Micromax
  • Infinix
  • TCL
  • Ulefone
  • Tecno
  • BLU
  • Blackview
  • Acer
  • Panasonic
  • Plum

All brands Rumor mill

ADVERTISEMENTS

Top 10 by daily interest

  Device Daily hits  
1.Nothing phone (1)35,548
2.Xiaomi Poco F425,474
3.Samsung Galaxy S22 Ultra 5G20,725
4.Samsung Galaxy A53 5G18,533
5.Xiaomi Redmi Note 1116,019
6.Apple iPhone 13 Pro Max15,716
7.Xiaomi Poco X4 GT15,500
8.Samsung Galaxy A1314,210
9.Xiaomi 12S Ultra12,459
10.Apple iPhone XR12,219

ELECTRIC VEHICLES

Hyundai Ioniq 5 N spotted testing at Nurburgring Hyundai Ioniq 5 N spotted testing at Nurburgring Toyota has run out of tax credits in the USChevrolet Silverado EV prototypes spotted testing in Detroit
ADVERTISEMENTS

Home News Reviews Compare Coverage Glossary FAQ RSS feed Youtube Facebook Twitter Instagram

© 2000-2022 GSMArena.com Mobile version Android app Tools Contact us Merch store Privacy Terms of use Change Ad Consent Do not sell my data