551What happened and why Apple Inc. knows how to keep things fresh… And on Wednesday, Apple reported $111.4 billion in revenue in its 2021 Q1 earnings report, crossing the $100bn+ mark in a single quarter... for the first time ever. And the numbers are speaking volumes... 🔼 +21% growth in sales compared to the same period last year.🤯 $28.8 billion profit: a record-breaking number for the tech giant - its largest quarter by revenue of all time, at a neat $111.4 billion in its first-quarter. Apple trumped analysts’ expectations, benefiting across the board from the surge in gadget and PC sales that have been accelerated by the pandemic driven work-from-home & virtual-schooling storm. Naturally, people turned to device upgrades to smooth out the transition. 5G wasn’t the only “must-have” on iLovers’ bucket-lists. Numbers skyrocketed across all products and services: The iPhone 12 quartet sold like hot cakes bringing home a mighty $65.60 billion in revenue. More than half the total revenue.Mac & iPads have also topped last year’s Q1 turn up, with a +21% and +41% jump in revenue, respectively.And it’s turning into a services industry… Apple’s self-proclaimed “growth engine” - App Store, Apple TV+, Apple Music - inhaled $15.76 billion in revenue. 🇨🇳 International star… With tradewars off the front page and expected to cool with Joe Biden in the hot seat, overseas sales provided another reason to be optimistic. Sales jumped +64%, with China declaring $21.3 billion dollars of unconditional love for Apple products and services. The Takeaway The numbers speak for themselves… With regulators nipping at Big tech’s heels from all angles, Apple products might soon come with an addiction warning (Appleholics Anonymous does have a kick to it). The tech behemoth is on a roll, reinforcing its market dominance with each number sprawled on their earnings report. Rewinding back 2 years, Apple analysts were painting a gloomy picture, but thanks to supercharged services and a ‘Work-from-home’ perma-culture, the trillion-dollar business is bouncing back (again).
