Tech company Apple has for the first time achieved sales of more than $ 100 billion in one quarter. The company benefited from strong sales of the new iPhone models during the holiday season. More people had been waiting for the iPhone 12 because it was the first iPhone to use the 5G network.
Apple’s sales in the first quarter of the broken fiscal year amounted to $ 111.4 billion (more than 92 billion euros). Net income was $ 28.7 billion in the quarter, another record. A year earlier, total sales of almost $ 92 billion were achieved, with a profit of $ 22.2 billion.
According to Apple, sales were particularly good in China, with a plus of 57 percent. Sales outside the US accounted for 64 percent of revenue in the past period.
In addition to strong demand for iPhones, Apple also had the wind in its sails due to the high levels of home working and education in the corona era, with increased demand for iMac computers, iPads and MacBooks. Portable equipment such as AirPods and the Apple Watch also sold well. Furthermore, more was earned with services such as iTunes.
CEO Tim Cook was delighted with the figures. According to him, these indicate an enthusiastic reception of the latest Apple products among consumers. The California technology group’s results were better than analysts on Wall Street had expected.
Apple is the most expensive publicly traded company in the United States with a market value of $ 2.4 trillion, or nearly $ 2,000 billion.
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