Apple tops $100 billion in quarterly revenue

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Apple closed the last quarter of the corona crisis year 2020 with record profits of a good $28.7 billion. For the first time, the iPhone maker has also generated more than $100 billion in sales in a quarter.

At $111.44 billion, Apple earned 21 percent more than the previous year. All product lines, as well as the services business, contributed to the growth. In terms of profit, there was a 29.3 percent increase in the fiscal first quarter, which ended at the end of December, as Apple announced after the US market closed on Wednesday.

READ MORE: iPhone 6 Plus: 4 ways to unlock this smartphone

The new iPhones, in particular, helped push cell phone sales to a new record, boosting sales in China by 57 percent. Apple launched the new iPhone 12 for Christmas business, which is equipped for the first time for super-fast 5G cellular communications and has had a new design for years.

From iPhone sales, the group earned a total of $65.6 billion in the October-December 2020 period, an increase of 17.2 percent compared to the same period last year. The iPhone remains Apple’s most important product by far.

The business of subscription services such as Apple Music or iCloud storage generated sales of almost 15.8 billion dollars, almost a quarter more than the previous year.

From Mac computers, Apple earned nearly $8.7 billion, an increase of 21 percent. In the corona crisis, laptop sales increased throughout the industry.

ALSO READ: Apple iPhone 12 launch: Price, specs and leaks

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