Earlier today, Apple announced its first fiscal quarter earnings report for 2021. Unsurprisingly, Apple had yet another massive quarter, with the holiday shopping season being good for the company. But it’s the Services division that continues to take in money, too.
Now, before we get too far into this, it’s worth noting that it’s not just Services that’s raking in money for Apple. All of the company’s other categories did quite well for themselves, too. However, it’s Services, the iPhone, and Wearables that set new revenue records this time around.
According to Apple’s announcement today, Services itself brought in $15.76 billion for the company over the quarter period ending in December. For those keeping track, that compares to $14.5 billion Services brought in in the fourth fiscal quarter of 2020. And compare it to the first fiscal quarter of 2020 and things get even more favorable, as Apple brought in “only” $12.72 billion that quarter.
But things have been trending up for Apple in this regard for quite some time. And it doesn’t look like it’s slowing down any time soon. With services including things like the new Apple Fitness+, Apple Music, Apple Arcade, Apple Pay, Apple One bundles, iCloud, and many other options, it’s no wonder that Apple’s found yet another way to make some money on a regular basis.
Does this make Apple a services company yet? What do you think?
Now, moving on to the other record breakers.
The iPhone is (still) popular
This probably won’t come as a shock, but the iPhone continues to be one of Apple’s biggest products. And one of the most lucrative. According to Apple, the iPhone lineup broke its own revenue record with this latest quarter. Which certainly makes sense, considering that for the first fiscal quarter of 2021 the iPhone brought in $65.6 billion in revenue.
To the comparisons! For the first fiscal quarter of 2020, the iPhone line brought in $55.96 billion. And in the fourth fiscal quarter of 2020, the iPhone raked in $26.44 billion. So things definitely turned around with the launch of the iPhone 12 lineup, it seems.
Wearables, Home, and Accessories
These categories are bundled together, but either way it works out for Apple. With today’s announcement, the company confirmed that these divisions brought in $12.97 billion. And we compare that to the $10.01 billion the divisions brought in in the first fiscal quarter of 2020, or the $7.87 billion the divisions brought in the fourth fiscal quarter of last year, and things look bright!