Apple on Wednesday announced financial results for its fiscal 2021 first quarter ending on Dec. 26, 2020, with an all-time record revenue of 111.44 billion U.S. dollars, up 21 percent year over year.

The company posted its quarterly earnings per diluted share of 1.68 dollars, up 35 percent compared to the same period of fiscal 2020.

Sales of iPhone amounted to 65.60 billion dollars, up 17 percent from 55.96 billion dollars a year ago.

Its sales of Wearables, Home and Accessories products increased to 12.97 billion dollars from 10.01 billion dollars a year ago.

The company's services revenue reached 15.76 billion dollars from 12.72 billion dollars year over year.

International sales accounted for 64 percent of the company's quarterly revenue, while Apple's net sales in China increased to 21.31 billion dollars from 13.58 billion dollars a year ago, according to Apple's financial statement.

"This quarter for Apple wouldn't have been possible without the tireless and innovative work of every Apple team member worldwide," said Tim Cook, Apple's CEO.

"Our December quarter business performance was fueled by double-digit growth in each product category, which drove all-time revenue records in each of our geographic segments and an all-time high for our installed base of active devices," said Luca Maestri, Apple's CFO.

"These results helped us generate record operating cash flow of 38.8 billion U.S. dollars. We also returned over 30 billion U.S. dollars to shareholders during the quarter as we maintain our target of reaching a net cash neutral position over time," Maestri noted.

Apple's Board of Directors has declared a cash dividend of 0.205 dollar per share of the company's common stock. The dividend is payable on Feb. 11, 2021 to shareholders of record as of the close of business on Feb. 8, 2021.

Source:
courtesy of XINHUA NEWS AGENCY

by XINHUA NEWS AGENCY

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