Revenue 2020 apple

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

Apple CEO Tim Cook on an earnings call Wednesday said that the company set a new record for the most FaceTime call volume during the holiday season. Apple broke a lot of records in the holiday quarter of 2020, from revenues to sales of different products to income from Services. It turns out the company broke another record over Christmas as it recorded the highest-ever volume of FaceTime calls. Cook, during Apple's quarterly earnings call, stated that "as COVID-19 kept us apart, we saw the highest volume of FaceTime calls ever this Christmas." It is unclear if "this Christmas" refers to Dec. 25, the surrounding weeks, or the entire holiday quarter. Cook did not specify an exact amount of FaceTime call volume. The record, though, is not surprising, especially with friends and family physically apart for the holidays last year due to coronavirus restrictions. In addition, as stated on the call, the install base for iPhone is the largest it has ever been, and Cook … [Read more...] about Apple broke record for FaceTime call volume over holidays

AppleInsider is supported by its audience and may earn commission as an Amazon Associate and affiliate partner on qualifying purchases. These affiliate partnerships do not influence our editorial content. Apple saw revenue from its iPad line grow 41% in the 2021 holiday quarter, with the tablet bringing in $8.4 billion. Apple spent 2020 refining its iPad lineup with hardware revisions across each model and improvements to iPadOS . After bringing desktop Safari and a mouse cursor to the OS users were able to perform more work from the tablet. Those improvements and the move to work and school from home drove the iPad to new heights. Apple CEO Tim Cook commented on the state of the iPad during the quarterly earnings call, calling demand "very strong." He later commented that some customers are using the device as a laptop replacement, others as a desktop companion. Apple CFO Luca Maestri offered some additional color to iPad sales. He said the iPad set an … [Read more...] about iPad revenue grew 41% in Q1 amid pandemic

AppleInsider is supported by its audience and may earn commission as an Amazon Associate and affiliate partner on qualifying purchases. These affiliate partnerships do not influence our editorial content. The first fiscal of 2021 marks the first time in nine quarters that Apple's Services segment increased revenue by more than 20 percent. Apple Music In Apple's quarterly earnings announcement on Jan. 27, the company announced Services revenue of $15.8 billion for the final three months of 2020, representing a 24% increase over the same period in 2019. "The steep integration of hardware, software and Services have always defined our approach here, and it has delivered an all-time quarterly Services record," Apple CEO Tim Cook said on the earnings call. "This was the first quarter of the Apple One bundle, which brings together many of our great Services into an easy subscription, and with new content being added to these services every day, we feel very optimistic … [Read more...] about Apple raked in record $15.8B in services revenue during Q1

AppleInsider is supported by its audience and may earn commission as an Amazon Associate and affiliate partner on qualifying purchases. These affiliate partnerships do not influence our editorial content. Apple earned $111.4 billion in revenue in the first quarter of 2021, blasting past the $100 billion barrier for the first time on double-digit growth across all product categories. 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 … [Read more...] about Apple’s $111.4B Q1 shatters quarterly record with massive growth across all categories

AT&T announced on Friday that it plans to launch a cheaper ad-supported version of HBO Max in June. The telecom giant has only released minimal detail on the plan. It hasn't yet announced pricing or an exact release date for the upcoming cheaper tier. AT&T expects the ad-supported HBO Max tier to combine with global expansion to drive subscriber and revenue growth in 2021. HBO Max will launch in 60 markets outside of the US in 2021. These will include 39 Latin America and the Caribbean territories in late June and 21 European territories in the second half of 2021. The company anticipates ending the year with between 67 and 70 million subscribers. The service had around 61 million subscribers at the end of 2020. The company expects its HBO unit to more than double its revenue in the next five years. "Zach Snyder's Justice League" is one of the high-profile HBO Max exclusives coming in 2021 In response to the pandemic, Warner Bros is … [Read more...] about Ad-supported HBO Max option coming in June

Retail sector maintains robust growth The Saigon Times Daily Customers select apples at Vinmart Royal City in Hanoi. Vinmart has announced plans to increase the number of convenience stores it operates nationwide to 4,000 facilities – PHOTO: VNA HCMC - The local retail sector has attracted significant foreign funding through merger and acquisition deals as well as business expansions. Last year, retail sales hit an estimated VND3,300 trillion, up 12.4% against sales in 2017, according to the General Statistics Office. Le Viet Nga, deputy director of the Domestic Market Department, under the Ministry of Industry and Trade, was quoted by news site VietnamPlus as saying that many major foreign-invested retail firms had continued to expand their business scale as well as increase their market share in the local retail market. As for modern retail chains, the Saigon Union of Trading Cooperatives, also known as Saigon Co.op, last year took the lead with sales of nearly … [Read more...] about Retail sector maintains robust growth