Apple reports blowout quarter, booking more than $100 billion in revenue for the first time CNBC 1/27/2021 Kif Leswing
Apple delivered its largest quarter by revenue of all time on Wednesday at $111.4 billion in its first-quarter earnings report for fiscal 2021.
It s the first time Apple crossed the symbolic $100 billion mark in a single quarter, and sales were up 21% year over year.
Sales for every product category rose by double-digit percentage points.
Apple reports biggest revenue quarter of all-time at $111.4B in Q1
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Apple delivered its largest quarter by revenue of all time on Wednesday at $111.4 billion in its first-quarter earnings report for fiscal 2021. It s the first time Apple crossed the symbolic $100 billion mark in a single quarter, and sales were up 21% year over year.
Apple set to post $100 billion-revenue quarter after strong Christmas - Silicon Valley Business Journal bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.
Apple s new iPhone 12 and iPhone 12 mini
Despite recently expanding its manufacturing capacity, Pegatron was already facing a slowdown in orders from Apple over its alleged student labor violations. Now it has also seen a reduction in orders, with Apple reportedly requiring fewer of the iPhone 12 mini.
According to
Digitimes, Pegatron has seen a slowdown in orders for the smallest iPhone, blamed on the coronavirus affecting demand in the US and Europe.
Citing unnamed market observers,
Digitimes separately reports that Foxconn has received an increase in orders for its production of the iPhone 12 Pro and iPhone 12 Pro Max.
Digitimes has a poor track record in projecting Apple s plans, but a far greater one over its sources within the industry. These latest reports appear to corroborate recent analysis by Morgan Stanley s Katy Huberty.
Industry reports say that Pegatron is seeing reduced orders for the iPhone 12 mini, while Apple has charged Foxconn with making more of the iPhone 12 Pro series.
Despite recently expanding its manufacturing capacity, Pegatron was already facing a slowdown in orders from Apple over its alleged student labor violations. Now it has also seen a reduction in orders, with Apple reportedly requiring fewer of the iPhone 12 mini.
According to
Digitimes, Pegatron has seen a slowdown in orders for the smallest iPhone, blamed on the coronavirus affecting demand in the US and Europe.
Citing unnamed market observers,
Digitimes separately reports that Foxconn has received an increase in orders for its production of the iPhone 12 Pro and iPhone 12 Pro Max.