Apple’s quarterly sales exceeded $100 billion for the first time ever, major foreign media such as Cnet reported on the 27th (hereafter local time).
On the 27th, Apple announced its earnings for the first quarter of fiscal 2021 (October-December 2020). In the first quarter of fiscal 2021, Apple recorded sales of $111.4 billion, up 21% from $918 in sales in the same period last year. Revenues increased by about 30% year-on-year to $28.8 billion, while earnings per share (EPS) were $1.68 during the same period.
That’s far beyond the estimates of Wall Street analysts. According to a preliminary survey conducted by Yahoo Finance, the Wall Street forecast was $103.3 billion in sales and $1.41 per share earnings.
IPhone sales rose more than 17% from $56 billion in the same period last year to $65.6 billion. Despite the continued spread of the Corona 19 virus, it is known that sales surged as many customers purchase iPhone 12 during the year-end shopping season.
Tim Cook, Apple’s CEO, said in a conference call with investors, “Apple currently has over 1 billion iPhones distributed worldwide.” This is an increase of 100 million units from the most recently released 900 million units in 2019.
During the same period, not only the iPhone but also Apple’s other business sales increased by at least 20%. These include the $8.7 billion Mac business, the $8.4 billion iPad, and the $13 billion wearables, home and accessories segment. Apple’s service business sales, including Apple TV Plus for $5 per month and Apple Fitness Plus for $10 per month, also increased to about $15.7 billion.
At the end of last year, Apple released the new MacBook Air, MacBook Pro, and Mac mini, including the iPhone 12 series armed with 5G functions. Along with this, it also introduced’Fitness Plus’, a virtual gym service for $10 per month, and’Apple One’ service, which integrates its own content subscription service for $15 per month.
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Apple’s share price was $142.06 per share, closing by about 1%. Apple’s share price has risen almost 10% this year.
Apple’s release of earnings is just a sign of how the Corona 19 crisis has affected the global economy, Cnet said. Many businesses are struggling, but IT companies are making great progress. On the 27th, Facebook reported a significant increase in sales, and Amazon is known to have recorded’record demand’ in the shopping season at the end of last year.