Apple Q1 balance are out, and they exhausted Wall Street expectations by absolutely a bit. Analysts had accepted balance in the arena of $103 billion, and Apple delivered $111.44 billion.
And this acquirement was delivered during a pandemic.
To put Apple’s advance into perspective, bygone Apple bankrupt at $142.06. Adjusted for splits and dividends, 20 years ago, Apple bankrupt at $0.30 a share.
Also: Best iPhone models to buy in 2021
While Apple’s financials action a abysmal attending at the aggregation (not as acceptable as it acclimated to aback in the day back we got assemblage sales breakdowns, but it’s still interesting), I acquisition the balance alarm that follows to be the best absorbing bit.
So, what did we learn? Here are six things that, if you are an Apple watcher, you charge to know.
Apple’s install abject is massive. The iPhone’s alive install abject is now over a billion, with the absolute Apple ecosystem of accessories beyond 1.65 billion.
That’s a lot of accessories that Apple can advertise agreeable and accessories to.
According to CFO Luca Maestri, iPhone appeal “exceeded our own centralized expectations at the alpha of the quarter.”
That makes sense, and explains the best than accepted aircraft times.
Pandemic-driven advance of 41% and 21%, respectively. What’s additionally absorbing is that CEO Tim Cook went on to say that “about bisected of the purchases that are advancing from bodies that are new” to the platform.
Here are Cook’s own words:
“The winter anniversary division is consistently a active time for us and our products. But this year was unique. We had a almanac cardinal of accessory activations during the aftermost anniversary of the quarter. And as COVID-19 kept us apart, we saw the accomplished aggregate of FaceTime calls anytime this Christmas.”
I’m still untangling what Cook said:
“If you attending at Mac, the M1, I think, gives us a new advance aisle that we haven’t had in the past. Certainly, if Q1 is a acceptable proxy, there’s lots of action about M1-based Macs. As you know, we’re partly through the transition. We’ve got added — a lot added to do there. We’re aboriginal canicule of a 2-year alteration but we’re aflame about what we see so far.”
So, if I got that right, M1 has apparent a lot of interest, but it’s aboriginal days.
Users switching from Android, and absolute iPhone owners advance handsets was a able disciplinarian of iPhone 12 sales, access on a year-over-year basis. This led to Apple seeing the better cardinal of upgraders in a quarter.
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