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Apple Reports First Quarter Results

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Apple right now introduced monetary outcomes for its fiscal 2021 first quarter ended December 26, 2020. The Company posted all-time file income of $111.four billion, up 21 % yr over yr, and quarterly earnings per diluted share of $1.68, up 35 %. International gross sales accounted for 64 % of the quarter’s income.

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

“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,” stated Luca Maestri, Apple’s CFO. “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.”

Apple’s Board of Directors has declared a money dividend of $0.205 per share of the Company’s widespread inventory. The dividend is payable on February 11, 2021 to shareholders of file as of the shut of enterprise on February 8, 2021.

Apple will present reside streaming of its Q1 2021 monetary outcomes convention name starting at 2:00 p.m. PT on January 27, 2021 at apple.com/investor/earnings-call. This webcast may even be out there for replay for about two weeks thereafter.

Apple periodically gives data for traders on its company web site, apple.com, and its investor relations web site, investor.apple.com. This contains press releases and different details about monetary efficiency, reviews filed or furnished with the SEC, data on company governance, and particulars associated to its annual assembly of shareholders.



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