This Week's Sponsor:

Kolide

Ensure that if a device isn’t secure it can’t access your apps.  It’s Device Trust for Okta.


Apple Breaks Records with $111.4 Billion in Revenue for Q1 2021

Apple has just published its financial results for Q1 2021, with the company posting revenue of $111.4 billion. Apple CEO Tim Cook had this to say about the company’s record-setting quarter:

This quarter for Apple wouldn’t have been possible without the tireless and innovative work of every Apple team member worldwide. We’re gratified by the enthusiastic customer response to the unmatched line of cutting-edge products that we delivered across a historic holiday season. We are also focused on how we can help the communities we’re a part of build back strongly and equitably, through efforts like our Racial Equity and Justice Initiative as well as our multi-year commitment to invest $350 billion throughout the United States.

Estimates and Expectations for Q1 2021

As was the case with Q4 2020, Apple did not provide financial guidance for Q1 2021 during its last earnings call due to the ongoing global pandemic. Nonetheless, reportedly strong iPhone sales and a flurry of new products late last year set high expectations among analysts.

Going into today’s call, Yahoo Finance said that:

The Zacks Consensus Estimate for revenues is currently pegged at $102.61 billion, indicating growth of 11.8% from the year-ago quarter’s reported figure.

Moreover, the consensus mark for earnings is currently pegged at $1.39 per share, unchanged over the past 30 days and indicating 11.2% growth from the figure reported in the year-ago quarter.

Graphical Visualization

After the break, we’ve compiled a graphical visualization of Apple’s Q1 2021 financial results.

Apple Q1 2021 on Twitter

Unlock More with Club MacStories

Founded in 2015, Club MacStories has delivered exclusive content every week for over six years.

In that time, members have enjoyed nearly 400 weekly and monthly newsletters packed with more of your favorite MacStories writing as well as Club-only podcasts, eBooks, discounts on apps, icons, and services. Join today, and you’ll get everything new that we publish every week, plus access to our entire archive of back issues and downloadable perks.

The Club expanded in 2021 with Club MacStories+ and Club Premier. Club MacStories+ members enjoy even more exclusive stories, a vibrant Discord community, a rotating roster of app discounts, and more. And, with Club Premier, you get everything we offer at every Club level plus an extended, ad-free version of our podcast AppStories that is delivered early each week in high-bitrate audio.

Choose the Club plan that’s right for you:

  • Club MacStories: Weekly and monthly newsletters via email and the web that are brimming with app collections, tips, automation workflows, longform writing, a Club-only podcast, periodic giveaways, and more;
  • Club MacStories+: Everything that Club MacStories offers, plus exclusive content like Federico’s Automation Academy and John’s Macintosh Desktop Experience, a powerful web app for searching and exploring over 6 years of content and creating custom RSS feeds of Club content, an active Discord community, and a rotating collection of discounts, and more;
  • Club Premier: Everything in from our other plans and AppStories+, an extended version of our flagship podcast that’s delivered early, ad-free, and in high-bitrate audio.