Apple’s first Q1 2021 revenues reached $100 billion even amid a global pandemic.
Apple announced its earnings for fiscal Q1 2021, covering the final 2020 calendar quarter and the holiday sales season.
For the first time in the company’s history, Apple hit $100 billion in quarterly revenue: it pulled in a total of $111.4 billion.
Apple is best known for the iPhone, which accounted for almost 59 percent of the company’s revenue at $65.6 billion, .
Apple CEO Tim Cook reported that if not for store closures triggered by the ongoing pandemic, the “iPhone results could have been better.”
Yet the Apple did extraordinarily well in spite of those challenges.