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Apple hits record revenue of $111.4 billion in Q1 2021, doubles market share in India- Technology News, Gadgetclock

Apple hits record revenue of 1.4 billion in Q1 2021, doubles market share in India- Technology News, Gadgetclock
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Apple hits record revenue of 1.4 billion in Q1 2021, doubles market share in India- Technology News, Gadgetclock

Apple hits document income of $111.4 billion in Q1 2021, doubles market share in India- Expertise Information, Gadgetclock

Apple on 27 January introduced its monetary outcomes for the fiscal 2021 first quarter ended 26 December 2020. The corporate revealed in an official launch that it has document income of $111.4 billion within the quarter, up 21 % 12 months over 12 months, and quarterly earnings per diluted share of $1.68, up 35 %. Apple’s worldwide gross sales accounted for 64 % of the quarter’s income. In the meantime, Apple CEO Tim Prepare dinner introduced that the corporate doubled its enterprise in India within the December quarter. Prepare dinner attributes the success in India to its lately launched on-line retailer within the nation.

Apple says it registered a market share of 4 % throughout the festive quarter of 2020 and witnessed round 60 % development within the full 12 months 2020.

“… Should you take India for example, we doubled our enterprise final quarter in comparison with the year-ago quarter. However our absolute degree of enterprise there’s nonetheless fairly low relative to the dimensions of the chance,” Tim Prepare dinner stated throughout an analyst name.

 Apple hits record revenue of 1.4 billion in Q1 2021, doubles market share in India

Apple emblem. Picture: Apple Occasions web page

Apple launched the on-line retailer in India on 23 September, providing Apple’s full vary of merchandise and buyer assist throughout the nation, for the primary time.

“India is a kind of, the place our share is kind of low. It did enhance from the year-ago quarter. Our enterprise roughly doubled over that time frame. And so, we really feel superb concerning the trajectory. We’re doing a variety of issues within the space. We put the web retailer there, for instance, and final quarter was the primary full quarter of the web retailer,” Tim Prepare dinner stated.

Cool additionally revealed that within the December quarter the corporate hit a brand new excessive watermark for its put in base of lively units, with development accelerating because it handed 1.65 billion units worldwide.

“Our December quarter enterprise efficiency was fuelled by double-digit development in every product class, which drove all-time income information in every of our geographic segments and an all-time excessive for our put in base of lively units,” stated Luca Maestri, Apple’s CFO. “These outcomes helped us generate document working money stream of $38.8 billion. We additionally returned over $30 billion to shareholders throughout the quarter as we preserve our goal of reaching a web money impartial place over time.”

Apple’s Board of Administrators has declared a money dividend of $0.205 per share of the Firm’s frequent inventory. The dividend is payable on 11 February 2021 to shareholders of document as of the shut of enterprise on 8 February 2021.

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