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….