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Apple Sets Record Q1 2021 Results: $28.8B Profit on $111.4B Revenue

Apple Sets Record Q1 2021 Results: $28.8B Profit on $111.4B Revenue

Apple today announced record-setting financial results for its fiscal first quarter of 2021 that ended December 26, 2020. The Company posted all-time record revenue of $111.4 billion, up 21 percent year over year, and quarterly earnings per diluted share of $1.68, up 35%. International sales accounted for 64% of the quarter’s revenue.

Gross margin for the quarter was 39.8%, compared to 38.4 % in the year-ago quarter. Apple declared an upcoming dividend payment of $0.205 per share, payable February 11 to shareholders of record as of February 8.

“This quarter for Apple wouldn’t have been possible without the tireless and innovative work of every Apple team member worldwide,” said Tim Cook, Apple’s CEO. “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.”

As they’ve done for the past several quarters, Apple is once again not issuing any guidance for Q2 2021 ending in March, due to the uncertainty surrounding the global COVID-19 pandemic’s impact.

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