Apple's 2021 first quarter financial report exceeded 100 billion US dollars! iPhone 12 contributed the most, setting a record for the highest so far
Apple recently announced the first quarter of 2021 financial report. Net revenue was US$111.439 billion, an increase of 21% from US$91.819 billion in the same period last year. Net profit was US$28.755 billion. The market expects US$23.723 billion, compared with US$22.236 billion in the same period last year.

  • iPhone revenue in the first fiscal quarter was $65.6 billion, a year-on-year increase of 17%;
  • Mac revenue was US$8.68 billion, an increase of 21% year-on-year;
  • iPad revenue was 8.44 billion US dollars, an increase of 41% year-on-year;
  • Other products (Apple Watch, AirPods, Beats earphones, etc.) revenue was US$12.97 billion, a year-on-year increase of 29%
  • Service business revenue was US$15.76 billion, a year-on-year increase of 24%


  • From the analysis of the financial report, it can be seen that the contribution of the new product iPhone 12 was indispensable behind Apple's first-quarter breakthrough of $100 billion. CEO Tim Cook said that the iPhone upgrade and upgrade set a record in China. Apple's revenue in Greater China in the first fiscal quarter was $21.31 billion, compared with $13.58 billion in the same period last year. The strong sales of the new product iPhone 12 in China was the biggest factor in the first fiscal quarter.

    Tim Cook said that if it were not for the pneumonia epidemic and lockdown measures that forced Apple to temporarily close some of the Apple Store stores around the world, the results might be better. Since the beginning of the epidemic, Apple has not issued performance and investment guidance to investors, but after the announcement of the financial report, Apple’s stock price fell more than 1% after the market, which seems to be the norm.

    In addition, Apple's CFO is more optimistic. He said that the sales of iPhone 12 Pro and Pro Max are very good, and the demand for 5G mobile phones in the market has increased. The iPhone is expected to be in a state of balance between supply and demand in the second fiscal quarter.
    [SOURCE]
Axact

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