Apple's FQ1 revenue hits all-time record as iPhone sales smash estimates
- Apple (NASDAQ:AAPL) reports FQ1 results with all-time high revenue of
$111.4B (+21%) and EPS of $1.68, up 35%. iPhones, Services, and Wearables
all hit new revenue records.
- Revenue breakdown: iPhone, $65.6B ($59.86B consensus); Mac, $8.67B
($8.68B consensus); iPad, $8.44B ($7.61B consensus); Wearables, Home and
Accessories, $12.97B ($11.91B consensus); Services, $15.76B ($14.85B
consensus).
- The iPhone strength reflects the iPhone 12 release delay, which pushed
the devices into FQ1. Wearables were expected to get a holiday shopping
boost from strong AirPods sales.
- Mac and iPad sales continue to catch pandemic tailwinds, but Mac sales
in particular are slowing, driving the roughly in-line performance.
- Greater China sales recovered from last quarter's 29% Y/Y decline to a
57% gain to $21.3B.
- "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," says CFO Luca Maestri. "These results 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."
- Press release.
- Apple also declared a $0.205 dividend.
|Today, 4:46 PM|67 Comments
- Apple (NASDAQ:AAPL) reports FQ1 results with all-time high revenue of
$111.4B (+21%) and EPS of $1.68, up 35%. iPhones, Services, and Wearables
all hit new revenue records.
- Revenue breakdown: iPhone, $65.6B ($59.86B consensus); Mac, $8.67B
($8.68B consensus); iPad, $8.44B ($7.61B consensus); Wearables, Home and
Accessories, $12.97B ($11.91B consensus); Services, $15.76B ($14.85B
consensus).
- The iPhone strength reflects the iPhone 12 release delay, which pushed
the devices into FQ1. Wearables were expected to get a holiday shopping
boost from strong AirPods sales.
- Mac and iPad sales continue to catch pandemic tailwinds, but Mac sales
in particular are slowing, driving the roughly in-line performance.
- Greater China sales recovered from last quarter's 29% Y/Y decline to a
57% gain to $21.3B.
- "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," says CFO Luca Maestri. "These results 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."
- Press release.
- Apple also declared a $0.205 dividend.
|Today, 4:46 PM|67 Comments
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