Apple has broken a major record for its largest-ever revenue counted in a single quarter, as shown by the company’s latest financial report. The Tech-giant company gathered a total of $111.4 billion in revenue in Q1 of 2021. These massive numbers indicate a 20% growth compared to previous years’ growth rate, Making this Q1 opening the all-time high.
The credit goes to to the sale of Apple’s various iPhone 12 models, bringing $65.6 billion in sales, which is more than what the company was making a few years back, indicating the bull-run company is enjoying. But apart from iPhone sales, the company also saw a surge in its other offerings, like iPads ($8.44 billion) and other Apple services ($15.8 billion), both of which are new records of their own.
“We’re gratified by the enthusiastic customer response to the unmatched line of cutting-edge products that we delivered across a historic holiday season,” said Apple’s CEO Tim Cook.” We are also focused on how we can help the communities we’re a part of build back strongly and equitably, through efforts like our Racial Equity and Justice Initiative as well as our multi-year commitment to invest $350 billion throughout the United States.”
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