Historic december quarter

AppleInsider breaks down every record Apple smashed in its gargantuan fiscal quarter ending in December 2020. Apple's first fiscal quarter was one to remember, breaking records left and right on its way to a staggering $111.4 billion in total revenue. While that number was the biggest takeaway, it was far from the only record the company shattered. Total revenue Apple brought in a staggering $111.4B in Q1 2021 During the 1Q 2021 financial quarter, Apple raked in $111.4 billion in total revenue. This is the first time the company has passed $100 billion for a quarter, breaking its previous record of $91.8 billion in the prior year's December-ending quarter. It's all the more surprising that Apple did this during a global pandemic, as many working families cut down on luxury purchases. Impressive iPad and Mac sales boosts may have partially reflected the greater need for work-from-home and Zoom-friendly computing devices. However, the iPhone continued … [Read more...] about Ten records Apple broke in its historic holiday 2020 quarter

Investment bank Wedbush says that the recent Apple stock sell-off creates a "golden buying opportunity" for investors, and predicts that Apple still has a $3 trillion valuation on the horizon. In a note to investors seen by AppleInsider , lead Wedbush analyst Daniel Ives says the bank has added Apple to its "Best Ideas List." He says that, in the wake of a historic December quarter for Apple, Wall Street has been expecting modest cuts to 2021 iPhone forecasts. Despite that, the analyst says recent checks in Asia are continuing to come in bullish. He continues to predict that Apple could ship upwards of 230 million iPhone units during the year. That number is higher than the current Wall Street consensus of 220 million units. Based on the current trajectory, Ives says that Apple could sell north of 240 million units — with an "eye popping" 250 million units possibly in the cards. He adds that demand in China still looks strong coming out of the Chinese New Year. … [Read more...] about Recent Apple sell-off a ‘golden buying opportunity,’ analyst says

Article Hero Image AppleInsider may earn an affiliate commission on purchases made through links on our site. Announced before the company's usual conference call with analysts, Apple's revenue of $111.4 billion for the quarter ending December 2020 represents growth of 21% on the $91.8 billion seen one year prior , itself a record-setting set of results. Earnings per share is set at $1.68, comparatively higher than the $4.99 seen in Q1 2020 before the four-way stock split . The gross margin of $44.3 billion is up from Q1 2020's $35.2 billion, while operating expenses are up/down year-on-year to $10.8 billion from $9.6 billion. Net profit is $28.8 billion, an improvement from $22.2 billion one year prior. "This quarter for Apple wouldn't have been possible without the tireless and innovative work of every Apple team member worldwide," said Apple CEO Tim Cook . "We're gratified by the enthusiastic customer response to the unmatched line of cutting-edge … [Read more...] about Apple’s $111.4B Q1 shatters quarterly record with massive growth across all categories