Apple Achieves All-Time Revenue and Earnings Records in Holiday Quarter
Apple reports record quarterly revenue of $91.8 billion driven by strong iPhone 11 demand and all-time highs in Services and Wearables. The tech giant also generates $30.5 billion in operating cash flow and returns $25 billion to shareholders.
Apple announces record first-quarter revenue of $91.8 billion, marking a 9 percent increase from the previous year. The company also sets an all-time high for quarterly earnings per diluted share at $4.99, reflecting a 19 percent jump. International sales account for 61 percent of this historic quarterly revenue.
CEO Tim Cook attributes this massive growth to strong demand for the iPhone 11 and iPhone 11 Pro models, alongside all-time revenue records in both Services and Wearables. The company's active device installed base surpasses 1.5 billion globally, growing in every geographic segment during the holiday quarter.
CFO Luca Maestri highlights an all-time net income record of $22.2 billion and operating cash flow of $30.5 billion. Apple returns nearly $25 billion to shareholders through share repurchases and dividends while providing fiscal second-quarter revenue guidance between $63.0 billion and $67.0 billion.