The New Paper

January 28, 2021

Apple surpasses $100B in quarterly revenue

Apple surpassed $100B in quarterly revenue for the first time according to the company’s Q1 earnings report. The tech giant generated double-digit growth across each of its product categories and operating segments, including a 57% increase in China (which now accounts for nearly a fifth of Apple’s total revenue). Here’s the full release.

Extra: Tesla and Facebook also reported earnings yesterday. Tesla beat analyst expectations for revenue but fell short on profit. Facebook outperformed expectations for both revenue and profit.
This story is from the January 28, 2021 edition of The New Paper – a clear, concise daily briefing that makes fact-first news easy to consume. Try it today.