Apple on Tuesday released its first fiscal quarter earnings report, citing an all-time revenue record with revenues of $123.9 billion. In Q1 2021, Apple reported EPS of US$1.68 on revenue of $111.4 billion, the first time the company topped $100 billion in revenue during a single quarter.
The quarterly report reflect a a $34.6 billion profit.
In a statement, Apple CEO Tim Cook said, “We are gratified to see the response from customers around the world at a time when staying connected has never been more important. We are doing all we can to help build a better world — making progress toward our goal of becoming carbon neutral across our supply chain and products by 2030, and pushing forward with our work in education and racial equity and justice.”
Apple CFO Luca Maestri added, “The very strong customer response to our recent launch of new products and services drove double-digit growth in revenue and earnings, and helped set an all-time high for our installed base of active devices. These record operating results allowed us to return nearly $27 billion to our shareholders during the quarter, as we maintain our target of reaching a net cash neutral position over time.”
Apple stopped offering guidance on future expectations early in the Coronavirus pandemic. The company still won’t offer any idea of what it expects for the second quarter of 2022.
Stay tuned for additional details as they become available.
Via The Mac Observer