Idc 39.9m q1 apple 12.7m yoy has reported its financial results for the first quarter of fiscal year 2021, which ended on December 26, 2020. Despite the challenges posed by the COVID-19 pandemic, the company reported strong results, with revenue of $111.4 billion, an increase of 21% from the same period last year. The company also reported earnings per share (EPS) of $1.68, up 35% year-over-year (YoY).

Strong iPhone Sales Drive Revenue Growth

Apple’s revenue growth was driven by strong sales of its flagship product, the iPhone. The company reported iPhone revenue of $65.6 billion, an increase of 17% YoY. This was largely due to the launch of the iPhone 12, which was well-received by consumers and saw strong demand in all regions. In addition to strong iPhone sales, Apple also reported growth in its other product categories. The company’s Mac and iPad segments both saw double-digit growth, with revenue of $8.7 billion and $8.4 billion, respectively. The wearables, home, and accessories segment also saw strong growth, with revenue of $13 billion, up 30% YoY.

Services Segment Continues to Grow

Apple’s services segment, which includes the App Store, Apple Music, iCloud, and other services, also saw strong growth in Q1. The segment reported revenue of $15.8 billion, up 24% YoY. This driven by strong growth in the App Store and Apple Music, as well as increased demand for iCloud storage. Apple CEO Tim Cook highlighted the company’s strong performance in a press release, stating that “This quarter for Apple wouldn’t have been possible without the tireless and innovative work of every Apple team member worldwide.” Cook also noted that the company is “looking forward to building on our momentum for the rest of the year.”


Overall, Apple’s Q1 results demonstrate the company’s ability to navigate the challenges posed by the COVID-19 pandemic and continue to deliver strong financial performance. The company’s strong iPhone sales, growth in other product categories, and continued growth in its services segment all contributed to its strong results. As the world continues to grapple with the pandemic, Apple’s ability to adapt and innovate will be key to its continued success.