Earnings

Apple (AAPL) earnings Q1 2021

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Apple delivered its largest quarter by revenue of all time on Wednesday at $111.4 billion in its first-quarter earnings report for fiscal 2021. It’s the first time Apple crossed the symbolic $100 billion mark in a single quarter, and sales were up 21% year over year.  

Apple stock dropped 2% in extended trading.

Apple’s results for the quarter ending in December weren’t just driven by 5G iPhone sales. Sales for every product category rose by double-digit percentage points. Apple’s earnings per share and sales handily beat Wall Street expectations.  

Here’s how Apple did versus consensus Refinitiv estimates: 

  • EPS: $1.68 vs. $1.41 estimated 
  • Revenue: $111.44 billion vs….



Source cnbc.com

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