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France Media Agency
The iPhone maker posted net profit of $ 28.7 billion in the first quarter of its staggered 2020-2021 fiscal year, up more than 29% year-on-year. The group’s revenues reached a dizzying sum of 111.4 billion dollars.
“We are satisfied with the enthusiastic feedback from our customers on our state-of-the-art products that we delivered during the holiday season,” Apple boss Tim Cook said in a statement.
The Californian giant benefited from ultra-strong iPhone sales, which grossed it a total of $ 65.6 billion (+ 17%).
Since the end of October, the group has been marketing its first smart phone compatible with 5G networks, which is supposed to offer ultra-fast speed for internet connections.
Apple’s other flagship products also saw their sales boosted, notably the iPad (+ 41%, to $ 8.4 billion) and various accessories such as the Apple Watch or AirPods wireless headphones (+ 30% , at $ 13 billion).
“Apple had an exceptional quarter in almost every product category,” commented Yoram Wurmser, analyst for eMarketer. “The pandemic clearly continues to benefit the company’s bottom line as customers snatch Macs, iPads and phones from the group.”
“The iPhone had a particularly good quarter, with an increase in revenues of $ 10 billion”, continues the expert. “The anticipation of strong demand for the iPhone 12 Pro bodes well for the coming quarters. ”
Revenue from Apple’s services (App Store revenue, subscriptions, etc.) increased 24% to $ 15.8 billion.
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