Apple Reports Record Earnings With $111.4 Billion Revenue In Q1 2021

Apple last night announced that it had achieved record earnings during the first quarter of fiscal 2021, with a huge $111.44 billion in revenue. That also means that profit came in at $28.76 billion.

While Apple doesn’t break out iPhone, iPad, and Mac unit sales it does at least break things down into product categories in terms of revenue.

Those numbers make for some interesting reading.

Apple says that iPhone accounted for $65.60 billion while the Mac brought in $8.68 billion. Services, including the App Store, raked in $15.76 with the iPad sat at $8.97 billion. Wearables, Home and Accessories brought $12.94 to the table. That last category includes the Apple Watch, a product that continues to be huge for Apple.

“This quarter for Apple wouldn’t have been possible without the tireless and innovative work of every Apple team member worldwide,” said Tim Cook, Apple’s CEO. “We’re gratified by the enthusiastic customer response to the unmatched line of cutting-edge products that we delivered across a historic holiday season. We are also focused on how we can help the communities we’re a part of build back strongly and equitably, through efforts like our Racial Equity and Justice Initiative as well as our multi-year commitment to invest $350 billion throughout the United States.”

Apple did not provide any guidance for Q2 given the current uncertainty that remains around the coronavirus pandemic and how it will impact retail moving forward.

However, it’s fair to say the company continues to thrive. You can find all the nitty-gritty details in Apple’s Newsroom post.

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