Apple reports all-time record revenue in Q1 2021

Revenue up 21% and EPS up 35% to new all-time records

Apple revenue

Apple reports all-time record revenue in Q1 2021. Source: shutterstock.com

Apple has announced financial results for its fiscal 2021 first quarter ended December 26, 2020. The company posted all-time record revenue of $111.4 billion, up 21% year over year, and quarterly earnings per diluted share of $1.68, up 35%.

As to the international sales, they accounted for 64% of the quarter’s revenue.

This quarter for Apple wouldn’t have been possible without the tireless and innovative work of every Apple team member worldwide. We’re gratified by the enthusiastic customer response to the unmatched line of cutting-edge products that we delivered across a historic holiday season. 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
Tim Cook, Apple’s CEO

Besides, the company managed to generate a record operating cash flow of $38.8 billion. It also returned over $30 billion to shareholders during the quarter as Apple maintains its target of reaching a net cash neutral position over time.

We’ve reported that Dan Riccio, previously senior VP of engineering is stepping down to undertake a new project at Apple.

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