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Apple breaks a new record and has a revenue of $111.4 billion in the first quarter of 2021

Apple released the results for the first quarter of fiscal year 2021 on Wednesday (31) and the company has a lot to celebrate, since it managed to collect a record revenue of $111.4 billion.

In 2021 this growth was particularly special, with an increase of 21% compared to data for the same period in 2020. In the previous year, the revenue was $91.82 billion.

Apple first quarter revenue from 2017 to 2021

History of Apple’s revenue in the first quarter from 2017 to 2021. Credit: Trading Plataforms

Another record-setting indicator was Apple’s net profit, which rose 29.3% from the first quarter of 2020. The company moved from $22.24 billion in 2020 to $28.76 billion in the same period in 2021. The company’s CEO, Tim Cook, celebrated the achievement and attributed the success to all employees.

“This quarter for Apple would not have been possible without the tireless and innovative work of every member of the Apple team worldwide,” said the executive. “We are satisfied with the enthusiastic response from customers to the incomparable line of cutting-edge products that we delivered in a historic season,” he added.

The record growth of Apple’s revenue did not happen only in the American or European market, but in all geographic segments of the company. The company divides its operations into six regions, the Americas, Europe, Greater China, Japan and the rest of Asia/Pacific.

The greatest growth occurred in the Greater China region, where the company grew 57%. In Japan, the increase was 33%, in Europe Apple grew 14.8%, in the Americas the increase was 12% and in the rest of Asia/Pacific it was 11.5%.

Among the products, the best seller was the iPhone, responsible for 58.86% of Apple’s total revenue, which represented an increase of 17% comparing to 2020. Next, came the segment of wearables, home and accessories, such as Apple Watch, Apple TV and others, with 11.64%, Mac, with 7.79% and iPad, with 7.57%.

Source : Trading Platforms

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