Apple says that iPhone, Wearables, and Services all set new revenue records. Revenue in total was up 21% year-over-year, while quarterly earnings per diluted share were up 35% to $1.68.
The first quarter of the fiscal year is an important one for Apple as it covers the months of October, November, and December — the most lucrative three months of the year because of holiday shopping. This year, the numbers are especially important.
For comparison’s sake, Apple reported revenue of $91.8 billion and profit of $22.2 billion during Q1 2020 last year. This time around, there are a handful of different factors. For instance, the Mac and iPad businesses have seen major growth because of the work-from-home trend driven by the pandemic.
Apple also released a new iPad Air and new M1 Macs during the quarter. The first fiscal quarter of 2021 also included the entirety of the iPhone 12 lineup being released, something that usually begins in the prior quarter and is spread across Q4 and Q1.
Apple does not report unit sales for any of its hardware products. Instead, it reports a breakdown of revenue by product category. Here are those numbers for fiscal Q1 2021:
