Apple is the worlds leading smartphone producer and the Cupertino giant has made loads of money riding on the wave of increased demand for high-performing devices during the pandemic. The sales of iPhones and iMacs reached an all-time high and the introduction of the overpowered M1 silicon of Apple just added fuel to the fire.
The company recently reported its latest first-quarter earnings for this year and once again the company is soaring high in the sky. In three months, the Cupertino giant earned US$89.6 billion in revenue which is up 54 percent year over year.
Most of the revenue is dedicated to the sales of iPhones, and the sales amounted to roughly half of the total revenue Apple recorded for the period. While the iPhone 12 mini might have posted disappointing sales, the rest of the iPhone 12 range has sold like candy’s during Christmas and with the combination of a revamped design and 5G cellular connectivity delivering a super-cycle of upgrades, the device became a huge commercial success.
According to the recent sales report, the company sold more Macs than ever before with the total sales reaching US$9.1billion in sales. the total sales are divided equally between the Mac mini, MacBook Air, and 13-inch MacBook Pro models. The other big winner is Apple’s Services business which includes the App Store and its subscription services like Apple Music. This business unit made Apple a whopping US$16.9 billion in revenue.