Shatters all record

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

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

Tim Cook on Wednesday said that supply for Apple's popular AirPods Max could continue to suffer constraints through the first quarter of 2020. Tim Cook announced on Wednesday that the premium headphones would likely be in short supply into the company's second quarter, reports Reuters . AirPods Max was announced in mid-December and are Apple's premiere luxury over-ear headphones. They retail for $550 and are available in five colors, including Silver, Space Gray, Sky Blue, Red, and Green. They feature Apple's H1 chip , which gives them a hundred-foot range, allowing users to freely move around while wearing them. They also feature a Digital Crown, allowing users to easily pause, play, and skip through playlists, as well as summon Siri . Hours into the product's launch, customers saw ship dates slip into 2021 as high demand outstripped supply. Configurations of the device remain sold out through Apple's online storefront and third-party resellers. … [Read more...] about AirPods Max could experience supply constraints until April