Apple sets record for quarterly revenue and boasts 1 billion active iPhones

Apple released financial statements for the quarter ended December 26, 2020. To begin with, recall that the Californian manufacturer belongs to the list of companies whose financial year does not coincide with the calendar year. In other words, Apple’s first quarter of fiscal year 2021 corresponds to the last quarter of calendar year 2020.

There are several important points in the report of the Cupertino giant, which we will talk about next. For three months of the 2021 fiscal year, Apple’s revenue was $ 111.4 billion, which is a record for an American company. Analysts had forecast revenues of $ 102 billion. A year earlier, the manufacturer was able to gain less than $ 92 billion in three months.

Net profit increased by $ 6.5 billion compared to the first quarter of fiscal year 2020 and amounted to $ 28.76 billion, i.e. about $ 1.7 per share. The report also indicated that the gross margin increased from 38.4% to 39.8%.

International sales accounted for 64% of the revenue structure by region. Outside of America, Apple earned the most from sales of products and services in Europe and China – $ 27.31 billion and $ 21.31 billion, respectively. “European” income compared with the base period increased by about $ 4 billion, and “Chinese” – by almost $ 8 billion.

Separately, it is worth considering the structure of income by product category. Here, as expected, smartphones have a huge leadership. Recall that Apple refused to publish accurate data on the volume of sales, but if you believe the analytical agency IDC, in the last quarter of 2020, the manufacturer sold 91.1 million iPhones.

Note that Apple was able to achieve record figures, even despite the fact that the iPhone 12, iPhone 12 mini, iPhone 12 Pro and iPhone 12 Pro Max went on sale late in comparison with the iPhone 11 family. Smartphones brought the American company 65.6 billion dollars (a year earlier – 55.96 billion dollars). The share in the total revenue structure increased from 57% to 59%.

In second place are services, from which Apple earned $ 15.76 billion (a year earlier – $ 12.72 billion). The company received almost $ 13 billion from sales of wearable gadgets, home devices and accessories (a year earlier – $ 10 billion). IPad tablets and Mac computers brought to the treasury $ 8.44 billion (a year earlier – $ 5.98 billion) and $ 8.68 billion (a year earlier – $ 7.16 billion), respectively.

Finally, Apple said there are already over 1 billion active iPhones in the world. The number of active devices of the company as a whole has stepped over 1.6 billion units. The manufacturer also noted that in the first fiscal quarter of 2021, the number of paid subscribers increased by 35 million and amounted to more than 620 million people. Apple did not forecast revenue for the next quarter.