Apple Q1 2021 Earnings Report
Key Takeaways
Apple's Q1 2021 results showcased record revenue of $111.4 billion, a 21% increase year-over-year, and earnings per diluted share of $1.68, up 35%. The performance was driven by double-digit growth across all product categories and geographic segments.
Apple posted all-time record revenue of $111.4 billion, up 21 percent year over year.
Quarterly earnings per diluted share reached $1.68, a 35 percent increase.
International sales accounted for 64 percent of the quarter’s revenue.
iPhone, Wearables, and Services set new revenue records.
Apple
Apple
Apple Revenue by Segment
Apple Revenue by Geographic Location
Forward Guidance
The press release contains forward-looking statements that involve risks and uncertainties, and actual results may differ materially from any future results expressed or implied by the forward-looking statements.
Challenges Ahead
- The effect of the COVID-19 pandemic on the Company’s business, results of operations, financial condition, and stock price
- The effect of global and regional economic conditions on the Company’s business, including effects on purchasing decisions by consumers and businesses
- The ability of the Company to compete in markets that are highly competitive and subject to rapid technological change
- The ability of the Company to manage frequent introductions and transitions of products and services, including delivering to the marketplace, and stimulating customer demand for, new products, services, and technological innovations on a timely basis
- The effect that shifts in the mix of products and services and in the geographic, currency, or channel mix, component cost increases, increases in the cost of acquiring and delivering content for the Company’s services, price competition, or the introduction of new products or services, including new products or services with higher cost structures, could have on the Company’s gross margin
Revenue & Expenses
Visualization of income flow from segment revenue to net income