Wired
Apple today announced its results for the first quarter of fiscal 2021. According to the report, Apple’s first-quarter net revenue was US$111.439 billion, an increase of 21% from US$91.819 billion in the same period last year, setting a record high; net profit was US$28.755 billion, an increase of 29% from US$22.236 billion in the same period last year. Among them, revenue in Greater China was USD 21.313 billion, an increase of 57% from USD 13.578 billion in the same period last year.
Apple’s first-quarter revenue and earnings per share exceeded Wall Street analysts’ expectations, but its stock price still fell more than 1% after the market.
Apple’s board of directors announced that it will pay a cash dividend of US$0.205 per share to the company’s common shareholders. The dividend will be paid on February 11, 2021 to shareholders of record as of the end of business hours on February 8, 2021.
Detailed performance:
In the first fiscal quarter ended December 26, 2020, Apple’s net profit was US$28.755 billion, an increase of 29% from US$22.236 billion in the same period last year; diluted earnings per share was US$1.68, an increase of US$1.25 in the same period last year. 35%.
Apple’s operating profit in the first fiscal quarter was 33.534 billion U.S. dollars, higher than the 25.569 billion U.S. dollars in the same period last year.
Apple’s first-quarter net revenue was US$111.439 billion, an increase of 21% from US$91.819 billion in the same period last year, setting a record high, of which international sales accounted for 64%.
Apple’s first-quarter gross profit was US$44.328 billion, higher than the US$35.217 billion in the same period last year.
Apple’s first-quarter earnings per share and revenue exceeded Wall Street analysts’ expectations. According to statistics from Yahoo Finance, 30 analysts had previously predicted that Apple’s first-quarter earnings per share would reach $1.41 on average, and 27 analysts had previously predicted that Apple’s first-quarter revenue would reach $103.28 billion.
By region:
Apple’s revenue in the Americas in the first fiscal quarter was US$46.310 billion, up from US$41.367 billion in the same period last year;
Revenue from the European sector was USD 27.306 billion, higher than USD 23.273 billion in the same period last year;
Revenue in Greater China was USD 21.313 billion, an increase of 57% from USD 13.578 billion in the same period last year;
Japan’s revenue was US$8.285 billion, higher than the US$6.223 billion in the same period last year;
Revenue from the rest of the Asia-Pacific region was US$8.225 billion, up from US$7.378 billion in the same period last year.
Divided by product:
Apple’s revenue from iPhone in the first quarter was 65.597 billion U.S. dollars, up from 55.957 billion U.S. dollars in the same period last year;
Revenue from Mac was 8.675 billion US dollars, higher than 7.160 billion US dollars in the same period last year;
Revenue from iPad was 8.435 billion U.S. dollars, higher than 5.997 billion U.S. dollars in the same period last year;
Revenue from wearable devices, household products and accessories was US$12.971 billion, up from US$10.10 billion in the same period last year;
Revenue from services was US$15.761 billion, higher than the US$12.715 billion in the same period last year.
Capital return plan:
Apple’s board of directors announced that it will pay a cash dividend of US$0.205 per share to the company’s common shareholders. The dividend will be paid on February 11, 2021 to shareholders of record as of the end of business hours on February 8, 2021.
Executive Comments:
Apple CEO Tim Cook said: “Without the tireless and innovative work of every team member in the world, it would be impossible for Apple to achieve such performance in this quarter. We are in a historical Delivered unparalleled cutting-edge products during the sexual holiday season, and are satisfied with the enthusiastic response of customers to these products. We are still paying attention to how to pass our own racial justice and justice initiative, and we will be in the United States in the next few years. The commitment to invest 350 billion US dollars and other measures within the scope will help our communities rebuild vigorously and fairly.”
Apple’s Chief Financial Officer Luca Maestri said: “In the fiscal quarter ending in December, our business performance benefited from double-digit growth in each product category. Propelled our revenue in each regional market to set a record, and the number of active equipment installed also set a record high. These results helped us create a record operating cash flow of $38.8 billion. We also reported to shareholders during the quarter Returned more than 30 billion US dollars in cash, and continue to maintain the goal of reaching a net cash neutral position over time.”
Stock price changes:
On the same day, Apple’s stock price fell by 1.10 US dollars in Nasdaq regular trading to close at 142.06 US dollars, a decrease of 0.77%.
In the subsequent after-hours trading as of 4:52 pm on Tuesday, US Eastern Time (5:52 am on Wednesday, Beijing time), Apple’s stock price fell again by US$1.55 to US$140.51, a decrease of 1.09%. In the past 52 weeks, Apple’s highest price was $145.09 and the lowest price was $53.15.
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