{"id":179138,"date":"2021-01-28T07:47:05","date_gmt":"2021-01-28T07:47:05","guid":{"rendered":"https:\/\/www.mobileworldlive.com\/?p=307992"},"modified":"2021-01-28T07:47:05","modified_gmt":"2021-01-28T07:47:05","slug":"apple-cashes-in-on-5g-iphone-with-record-profit","status":"publish","type":"post","link":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/2021\/01\/28\/apple-cashes-in-on-5g-iphone-with-record-profit\/","title":{"rendered":"Apple cashes in on 5G iPhone with record profit"},"content":{"rendered":"

<\/p>\n

\tApple shattered its previous records for revenue and profit, posting double-digit growth across all product categories and best-ever iPhone user numbers in its fiscal Q1 2021 (26 September to 26 December 2020).<\/p>\n

On an earnings call, CFO Luca Maestri noted Apple\u2019s iPhone customer base topped 1 billion, while segment revenue increased 17 per cent year-on-year to $65.6 billion. Wayne Lam, a senior director at analyst company CCS Insight, noted in a tweet it was the \u201cbiggest jump in sales for the last four years\u201d.<\/p>\n

Maestri highlighted strong demand for Apple\u2019s top-tier iPhone 12 Pro and Pro Max [1] models, and solid sales in China as key growth drivers, adding \u201cprobably there was also some level of pent up demand for 5G iPhones\u201d.<\/p>\n

CEO Tim Cook (pictured) said there was an increase in the number of people switching to iPhone and \u201cthe largest number of upgraders that we\u2019ve ever seen in a quarter\u201d.<\/p>\n

Metrics
\nNet profit of $28.8 billion was up 29 per cent, with revenue growing 21 per cent to $111.4 billion.<\/p>\n

Services revenue grew 24 per cent to $15.8 billion; Wearables, Home and Accessories 30 per cent to $13 billion; Mac 21 per cent to $8.7 billion; and iPad 41 per cent to $8.4 billion.<\/p>\n

Maestri noted Apple now has more than 620 million paid subscriptions across its services, up 140 million. He added its Wearables business is \u201cnow the size of a Fortune 120 company\u201d.<\/p>\n

[1] https:\/\/www.mobileworldlive.com\/featured-content\/home-banner\/apple-embraces-5g-for-iphone<\/p>\n\n

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Apple shattered its previous records for revenue and profit, posting double-digit growth across all product …<\/p>\n

The post Apple cashes in on 5G iPhone with record profit<\/a> appeared first on Mobile World Live<\/a>.<\/p>\n<\/div>","protected":false},"author":245,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"slim_seo":{"title":"Apple cashes in on 5G iPhone with record profit - ITTeacherITFreelance.hk","description":"Apple shattered its previous records for revenue and profit, posting double-digit growth across all product ... The post Apple cashes in on 5G iPhone with recor"},"footnotes":""},"categories":[11,10,8],"tags":[],"_links":{"self":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/179138"}],"collection":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/users\/245"}],"replies":[{"embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/comments?post=179138"}],"version-history":[{"count":1,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/179138\/revisions"}],"predecessor-version":[{"id":179139,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/179138\/revisions\/179139"}],"wp:attachment":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/media?parent=179138"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/categories?post=179138"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/tags?post=179138"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}