Apple’s Q1 Revenue Exceeds $ 100 Billion For The First time

On the other hand, Apple stock fell 2% in extended trading after the close.

Apple’s results for the December quarter were not only driven by iPhone 5G sales, but sales for each product category increased by more than twice.

In detail, earnings per share and sales of Apple easily exceeded Wall Street expectations, with earnings per share of $ 1.68 versus $ 1.41 expected.

While the revenues amounted to $ 111.44 billion, compared to an estimated $ 103.28 billion,

It is reported that iPhone revenues amounted to $ 65.60 billion compared to the estimated $ 59.80 billion, an increase of 17% year-on-year, while services revenues amounted to $ 15.76 billion compared to an estimated $ 14.80 billion, an increase of 24% year-on-year.

Other product revenues were $ 12.97 billion, compared to the $ 11.96 billion estimated, up 29% year-on-year.