Apple Breaks Own Revenue Barriers – Record-Break Revenue

Cupertino, California: American multinational technology company headquartered in Cupertino, California recently announced its quarterly sales result. Apple announced quarterly sales results with some impressive numbers. A press release issued by company states their revenue of 111.4 billion us dollar, which is up 21% year-over-year. Apple recorded, its first time to cross $100 billion revenue barriers in a quarter.

The growth behind this sales ratio is none other than the iPhone. Apples most popular product is iPhone. In 2020 last quarter, iPhone sales contribution was $65 billion There is 17% growth increases year-over-year. Yet Apple doesn’t declare or disclosed the iPhone sales figures by particular iPhone model wise sales. But it can be sure, iPhone 12 has been hit in the market.

CEO Tim Cook said

Apple CEO Tim Cook said “This quarter for Apple wouldn’t have been possible without the tireless and innovative work of every Apple team member worldwide. We are gratified by the enthusiastic customer response to the unmatched line of cutting-edge products that we are delivered across a historic holiday season. We are also focused on how we can help the communities that 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. “

Wasn’t just iPhone

Apple declared in the press release, that It wasn’t just iPhone to achieve this number. There are other products also, who helps to achieve and cross $100 billion revenue bar in a single quarter. Revenue from Mac devices was $8.7 billion, iPad make $8.4 billion. Wearables and other accessories from Apple like Smartwatch, Air buds, Home Pods etc make almost $12.9 billion and Services from Apple was contributed $15.7 billion revenue.

Apple CFO Luca Maestri said

Apple CFO Luca Maestri said “Our December quarter business performance was fueled by double digit growth in each product category, which drove all time revenue records in each of our geographic segments and an all-time high for our installed base of active devices. This result helped us generate record operating cash flow of $38.8 billion. We also returned over $30 billion to shareholders during the quarter as we maintain our target of reaching a net cash neutral position over time.”