{"id":164659,"date":"2021-01-28T02:03:49","date_gmt":"2021-01-27T23:03:49","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/apple-posts-over-100b-in-quarterly-sales-for-first-time-ever\/"},"modified":"2021-01-28T02:03:49","modified_gmt":"2021-01-27T23:03:49","slug":"apple-posts-over-100b-in-quarterly-sales-for-first-time-ever","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/apple-posts-over-100b-in-quarterly-sales-for-first-time-ever\/","title":{"rendered":"#Apple posts over $100B in quarterly sales for first time ever"},"content":{"rendered":"

“#App<\/a>le posts over $100B in quarterly sales for first time ever<\/strong>”
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Apple finished 2020 with a bang, logging its most profitable quarter ever despite disruptions created by the pandemic. <\/p>\n

For the three months ending in December, the iPhone maker pulled in a record $111.4 billion in sales, the company said. It\u2019s the first time Apple crossed the symbolic $100 billion mark in a single quarter. <\/p>\n

Analysts had expected the Cupertino, Calif.-based company to do well thanks to holiday season and the debut of iPhone 12 in October, which boasts a new look, 5G cellular data connectivity, and new models in multiple sizes at differing prices. <\/p>\n

But the company beat even Wall Street\u2019s lofty expectations. In the period ended Dec. 26, Apple profit rose 29 percent to $28.8 billion, or $1.68 a diluted share. Revenue jumped 21 percent to $111.4 billion. Wall Street had forecast earnings per share of $1.41 on sales of $103.3 billion.<\/p>\n

Apple\u2019s chief executive Tim Cook touted the \u201cinnovative work\u201d of his team and the \u201ccutting-edge products\u201d that the company delivered during the holidays. <\/p>\n

The holiday quarter is always a closely watched period for Apple, accounting for about 30 percent of its annual sales. But the stakes were even higher this year with the arrival of iPhone 12 and the COVID-19 outbreak, which delayed the production of Apple\u2019s flagship phone. <\/p>\n

The pandemic forced Apple to push back its traditional September launch date to October, which means some versions of the new phone didn\u2019t start shipping to customers until November, cutting down the number of weeks Apple typically has in the period to capture sales ahead of Christmas.<\/p>\n

Cook noted that the results could\u2019ve been even better if not for the\u00a0coronavirus pandemic\u00a0and lockdowns\u00a0that\u00a0forced\u00a0Apple to temporarily shutter some Apple stores around the world.\u00a0\u00a0<\/p>\n

The exec pointed to strong growth across its product line \u2014not just booming iPhone sales \u2014 for the strong results. And Apple boasted double-digit\u00a0gains in all of its product categories as the pandemic lifts demand for home computing products and services. <\/p>\n

Sales of iPhones rose 17 percent to $65.6 billion. Mac sales grew 21 percent to $8.7 billion, while iPad revenue increased 41 percent to $8.4 billion. <\/p>\n

The company\u2019s revenue from services like Apple+ TV and Apple Music jumped 24 percent to $15.8 billion. Other products revenue expanded 29 percent to $13 billion. <\/p>\n

While Apple\u2019s products showed strength across the board, analysts circled back to iPhone 12, which marks Apple\u2019s first to sport 5G connectivity. Wedbush analyst Dan Ives said the new phone will launch a sales \u201csupercyle,\u201d in which consumers who have held onto their older iPhones would upgrade en masse to get their hands on the latest cellular connectivity technology<\/a>.<\/p>\n

\u201cWe strongly believe the iPhone 12 supercycle hype has become a reality with this week giving the Street its first glimpse of underlying iPhone 12 demand and key commentary from [Apple CEO Tim Cook] looking ahead into the next few quarters,\u201d he said.\n <\/p><\/div>\n

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If you want to read more News<\/a> articles, you can visit our News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n

Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

“#Apple posts over $100B in quarterly sales for first time ever” Apple finished 2020 with a bang, logging its most profitable quarter ever despite disruptions created by the pandemic. For the three months ending in December, the iPhone maker pulled in a record $111.4 billion in sales, the company said. It\u2019s the first time Apple…<\/p>\n","protected":false},"author":1,"featured_media":164660,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/01\/Tim_Cool_iPhone_12.jpg?quality=90&strip=all&w=1200","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[91024,5029,70237,5030,70587],"class_list":["post-164659","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-1-27-21","tag-apple","tag-corporate-earnings","tag-iphone","tag-tim-cook"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/164659","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=164659"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/164659\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/164660"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=164659"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=164659"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=164659"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}