Revenue up 21% and EPS up 35% to new all-time records
Apple reports all-time record revenue in Q1 2021. Source:?shutterstock.com
Apple has announced financial results for its fiscal 2021 first quarter ended December 26, 2020. The company posted all-time record revenue of $111.4 billion, up 21% year over year, and quarterly earnings per diluted share of $1.68, up 35%.
As to the international sales, they accounted for 64% of the quarter’s revenue.
Besides, the company managed to generate a record operating cash flow of $38.8 billion. It also returned over $30 billion to shareholders during the quarter as Apple maintains its target of reaching a net cash neutral position over time.
We’ve reported that Dan Riccio, previously senior VP of engineering is stepping down to undertake a new project at Apple.
SEE ALSO:
Pay Space
Our editorial team delivers daily news and insights on the global payment industry, covering fintech innovations, worldwide payment methods, and modern payment options.
