January 28, 2021 Apple Tops Q1 Earnings Expectations ... the stock has come back and is trading with a modest gain of 8% for the year-to-date period. Sales for every product category rose by double-digit percentage points. Share. In the tech giant’s fiscal Q1 2021 earnings report, Apple revealed that it crossed the $100 billion USD (about $128 billion CAD) in quarterly revenue mark for the first time in the company’s history by bringing in $111.4 billion USD (roughly $142 billion CAD) in … Apple today announced financial results for its fiscal 2021 first quarter ended December 26, 2020. According to Apple's latest earnings … On a year-over-year basis, Apple earnings rose 34% while sales climbed 21%. Wednesday's blowout earnings are also a recovery story for Apple. Apple posted an overall gain for Q1 of 2021. in a virtual only format. Expectations are for … Today, Apple leads the world in innovation with iPhone, iPad, Mac, Apple Watch, and Apple TV. Apple Inc. All rights reserved. Apple released a high-end set of headphones, AirPods Pro Max, in December, with a steep $549 suggested price. Wednesday January 27, ... Apple CEO Tim Cook said during today's earnings call covering the first fiscal quarter of 2021. The Company posted all-time record revenue of $111.4 billion, up 21 percent year over year, and quarterly earnings per diluted share of $1.68, up 35 percent. Email. Risks and uncertainties include without limitation: the effect of the COVID-19 pandemic on the Company’s business, results of operations, financial condition, and stock price; the effect of global and regional economic conditions on the Company’s business, including effects on purchasing decisions by consumers and businesses; the ability of the Company to compete in markets that are highly competitive and subject to rapid technological change; the ability of the Company to manage frequent introductions and transitions of products and services, including delivering to the marketplace, and stimulating customer demand for, new products, services, and technological innovations on a timely basis; the effect that shifts in the mix of products and services and in the geographic, currency, or channel mix, component cost increases, increases in the cost of acquiring and delivering content for the Company’s services, price competition, or the introduction of new products or services, including new products or services with higher cost structures, could have on the Company’s gross margin; the dependency of the Company on the performance of distributors of the Company’s products, including cellular network carriers and other resellers; the risk of write-downs on the value of inventory and other assets and purchase commitment cancellation risk; the continued availability on acceptable terms, or at all, of certain components, services, and new technologies essential to the Company’s business, including components and technologies that may only be available from single or limited sources; the dependency of the Company on manufacturing and logistics services provided by third parties, many of which are located outside of the US and which may affect the quality, quantity, or cost of products manufactured or services rendered to the Company; the effect of product and services design and manufacturing defects on the Company’s financial performance and reputation; the dependency of the Company on third-party intellectual property and digital content, which may not be available to the Company on commercially reasonable terms or at all; the dependency of the Company on support from third-party software developers to develop and maintain software applications and services for the Company’s products; the impact of unfavorable legal proceedings or government investigations; the impact of complex and changing laws and regulations worldwide, which expose the Company to potential liabilities, increased costs, and other adverse effects on the Company’s business; the ability of the Company to manage risks associated with the Company’s retail stores; the ability of the Company to manage risks associated with the Company’s investments in new business strategies and acquisitions; the impact on the Company’s business and reputation from information technology system failures, network disruptions, or losses or unauthorized access to, or release of, confidential information; the ability of the Company to comply with laws and regulations regarding data protection; the continued service and availability of key executives and employees; political events, international trade disputes, war, terrorism, natural disasters, public health issues, and other business interruptions that could disrupt supply or delivery of, or demand for, the Company’s products; financial risks, including risks relating to currency fluctuations, credit risks, and fluctuations in the market value of the Company’s investment portfolio; and changes in tax rates and exposure to additional tax liabilities. These forward-looking statements include without limitation those about the Company’s expectations regarding the impact of the COVID-19 pandemic; anticipated revenue, gross margin, operating expenses, other income/(expense), and tax rate; plans for return of capital; our goal of maintaining a net cash neutral position; and our investment plans and initiatives. Apple’s fiscal 2021 revenue is then projected to jump 17%, with its adjusted earnings expected to come in 23% higher. Apple released its fiscal Q1 2021 results. Apple will announce its earnings for the first fiscal quarter of 2021 (fourth calendar quarter) on Wednesday, January 27. Apple (AAPL) has officially reported its earnings for Q1 2021, covering the lucrative holiday shopping season. “This quarter for Apple wouldn’t have been possible without the tireless and innovative work of every Apple team member worldwide,” said Tim Cook, Apple’s CEO. 2021 Proxy Materials 2021 Annual Meeting of Shareholders This year, Apple will host the 2021 Annual Meeting of Shareholders on February 23, 2021 at 9:00 am P.T. International sales accounted for 64 percent of the quarter’s revenue. Apple has just announced its financial results for Q1 2021, covering the period between October 1 and December 26, 2020. Tweet. Apple will provide live streaming of its Q1 2021 financial results conference call beginning at 2:00 p.m. PT on January 27, 2021 at. Sales for every product category rose by double-digit percentage points. Apple Saw Largest Number of iPhone Upgraders Ever in Q1 2021. Jefferies Financial Group also issued estimates for Apple's Q4 2021 earnings at $0.97 EPS, FY2021 earnings at $4.40 EPS, Q3 2022 earnings at $0.95 EPS, Q4 2022 earnings at $1.09 EPS, FY2022 earnings at $4.70 EPS and Q1 2023 earnings at $1.80 EPS. Check out the Markets Insider earnings calendar. This week Apple released its Q1 2021 earnings — the period that covers the all-important holiday quarter — and despite the ongoing global pandemic the company continues to … Apple reported $111.4 billion in revenue during its 2021 fiscal first-quarter, which spanned from October to December for the company. International sales accounted for 64 percent of the quarter’s revenue. Apple on Wednesday announced its earnings for the first fiscal quarter of 2021, reporting all-time record revenue of $111.4 billion, up 21 percent year over year. Apple's other products category, which includes Apple Watch and headphones such as AirPods and Beats, was up 29% from last year to $12.97 billion, even as people are spending less time commuting and traveling. Apple Q1 2021 Earnings Preview Jan. 26, 2021 1:07 PM ET Apple Inc. (AAPL) By: Gaurav Batavia , SA News Editor 28 Comments Apple (NASDAQ: AAPL ) is scheduled to announce FQ1 earnings … If you want some quick analysis on Apple's results, we recommend checking out the awesome charts from Six Colors . Share. Apple CEO Tim Cook and CFO Luca Maestri spoke with analysts during the company's Q1 2021 earnings call. And then, of course, that’s riding on the strong fourth fiscal quarter of 2020, which saw Apple bring in $64.7 billion in revenue. The company has reached two major milestones during this quarter which encompasses the months of October, November, and December. Analysts expected Apple earnings of $1.41 a share on sales of $103.28 billion. That compares to the $91.8 billion in the first fiscal quarter earnings of 2020 the company brought in. However, Apple has mainly positive things coming out of … Apple Q1 2021 earnings ... "Apple's 2021 fiscal year consists of four fiscal quarters (Q1, Q2, Q3, and Q4), each with one 35-day month and two 28-day months. Apple will announce its earnings for the first fiscal quarter of 2021 (fourth calendar quarter) on Wednesday, January 27. Apple Q1 earnings preview Fiona Cincotta January 26, 2021 4:41 PM Apple Q1 earnings are due after the close on Wednesday. January 28, 2021 – Apple Q1 earnings recap, more 06:28 January 27, 2021 – iOS 14.4 security fixes, limited-edition Apple Watch 07:18 January 26, 2021 – Apple … So today, Apple announced the first fiscal quarterly earnings for 2021. Apple delivered its largest quarter by revenue of all time on Wednesday at $111.4 billion in its first-quarter earnings report for fiscal 2021. The … The company posted quarterly revenue of $111.4 billion. Apple is expected to release the first quarter (Q1) 2021 results on the 27 January 2021, after (US) market close. Share. Apple Q1 2021 earnings ... "Apple's 2021 fiscal year consists of four fiscal quarters (Q1, Q2, Q3, and Q4), each with one 35-day month and two 28-day months. Apple reported its Q1 2021 earnings after the closing bell on Wednesday, easily surpassing analysts’ expectations on the back of strong sales of its iPhone 12 line of smartphones.These are most important numbers from the report compared with what analysts were predicting. The … A Division of NBCUniversal. Other Ticker Details AAPL Company Name Apple Inc. Earnings Call Date 27-01-2021 Time (ET) 17:00 Fiscal Quarter Q1 Fiscal Year 2021 Live Webcast URL Apple delivered its largest quarter by revenue of all time on Wednesday at $111.4 billion in its first-quarter earnings report for fiscal 2021. Post date January 27, 2021 Apple released their first quarter earnings today and it was great news for v the Cupertino lifestyle company 1. Posted on January 27, 2021. The Company posted all-time record revenue of $111.4 billion, up 21 percent year over year, and quarterly earnings per diluted share of $1.68, up 35 percent. Expectations are for … It's the first time Apple crossed the symbolic $100 billion mark in a single quarter, and sales were up 21% year over year. International sales accounted for 64 percent of the quarter’s revenue. Here's how Apple did versus consensus Refinitiv estimates: Apple CEO Tim Cook said the results could have been even better if not for the Covid-19 pandemic and lockdowns that forced Apple to temporarily shutter some Apple stores around the world. Apple’s more than 100,000 employees are dedicated to making the best products on earth, and to leaving the world better than we found it. On Wednesday, Apple revealed that revenue is up over 32% since that report. Apple revolutionized personal technology with the introduction of the Macintosh in 1984. Apple reports a record-breaking Q1 2021 earnings with $111.4 billion – the highest earnings for a quarter in company history. Analysts expected Apple earnings of $1.41 a share on sales of $103.28 billion. "China was strong across the board," Cook said. Nonetheless, reportedly strong iPhone sales and a flurry of new products late last year set high expectations among analysts. Two years ago, Apple warned that its projection for its holiday quarter sales were lower than the company expected, a rare warning that raised questions about whether Apple was losing its momentum. Reacting to the results, Apple shares were little changed at $142.01 in the after-hours session. Here's our ongoing live transcript of their remarks! Apple's Services Revenue Hits All-Time High of $15.8B Billion in Q1 2021. The Company assumes no obligation to update any forward-looking statements or information, which speak as of their respective dates. Earlier today, Apple posted its Q1 earnings report and delivered a record-breaking $111.44 billion in revenue and (split-adjusted) EPS of 1.68. The Cupertino firm announced the date on its investor relations page on Tuesday.. Apple has just announced its financial results for Q1 2021, covering the period between October 1 and December 26, 2020. Revenue for the iPad reversed its 11.2% drop to $5.98 billion in Q1 2020 by being reported at $8.4 billion for Q1 2021. Apple has benefited during the pandemic from increased PC and gadget sales as people who are working or going to school from home because of lockdowns look to upgrade the devices they use. Share. By PYMNTS. Apple's Board of Directors has also declared a cash dividend of $0.205 per share of the company's stocks, payable on Feb. 11, 2021 to shareholders of record as of close of business on Feb. 8, 2021. "Taking the stores out of the equation, particularly for iPhones and wearables, there's a drag on sales," Cook told CNBC's Josh Lipton. Reacting to the results, Apple shares were little changed at $142.01 in the after-hours session. By Malcolm Owen | 1 week ago On January 27, Apple will disclose the results of its critical first fiscal quarter for 2021, that spans the 2020 holiday season. Apple's results for the quarter ending in December weren't just driven by 5G iPhone sales. Data is a real-time snapshot *Data is delayed at least 15 minutes. It's the first time Apple crossed the symbolic $100 billion mark in a single quarter, and sales were up 21% year over year. This press release contains forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. The company reported a blowout quarter, booking over $100 billion in revenue. Email. Apple (NASDAQ: AAPL) Q1 2021 Earnings Call Jan 27, 2021, 5:00 p.m. Like other quarters in 2020, Apple's Q4 2020 results did not include a forecast to investors of what to expect for Q1 2021. Sales in what Apple calls greater China, which includes Taiwan and Hong Kong, were up nearly 57% to $21.3 billion. We also returned over $30 billion to shareholders during the quarter as we maintain our target of reaching a net cash neutral position over time.”. As was the case with Q4 2020, Apple did not provide financial guidance for Q1 2021 during its last earnings call due to the ongoing global pandemic. January 27th, 2021 at 4:32 PM. © 2021 CNBC LLC. Earlier today, Apple posted its Q1 earnings report and delivered a record-breaking $111.44 billion in revenue and (split-adjusted) EPS of 1.68. Cupertino, California — January 27, 2021 — Apple today announced financial results for its fiscal 2021 first quarter ended December 26, 2020. Apple delivered its largest quarter by revenue of all time on Wednesday at $111.4 billion in its first-quarter earnings report for fiscal 2021. Tweet. Earnings Apple Earnings Blowout In Q1 2021 Rides Success Of Connected Economy. Apple’s Board of Directors has declared a cash dividend of $0.205 per share of the Company’s common stock. 2021 Q1 results for Apple have historically been strong for the group, as new generation iPhone’s see their first full quarter of sales post launch. Apple on Wednesday announced its earnings for the first fiscal quarter of 2021, reporting all-time record revenue of $111.4 billion, up 21 percent year over year. The Cupertino firm announced the date on its investor relations page on Tuesday.. Get this delivered to your inbox, and more info about our products and services. How new iPhone models fare in China, the company's third-largest market, is a constant topic of discussion among investors. Events By Date Search By Ticker. © 2021 Apple Inc. All rights reserved. Apple highlighted in its release that international sales accounted for 64% of the company's sales, up from 61% in the same quarter last year. When is Apple’s earnings release date? The Company posted all-time record revenue of $111.4 billion, up 21 percent year over year, and quarterly earnings per diluted share of $1.68, up 35 percent. Apple's earnings per share and sales handily beat Wall Street expectations. Apple (symbol AAPL) reported Q1 2021 earnings on January 27, 2021. The company posted quarterly revenue of $111.4 billion. Overall revenue is up year-to-year. Apple Inc. Q4 2020 Earnings Conference - Final Transcript Oct 29, 2020 • 05:00 pm ET. These statements involve risks and uncertainties, and actual results may differ materially from any future results expressed or implied by the forward-looking statements. Investors will watch closely whether Apple can keep up its performance when it reports earnings on January 27, 2021 for Q1 FY 2021. Sign up for free newsletters and get more CNBC delivered to your inbox. According to Apple's latest earnings … “We’re gratified by the enthusiastic customer response to the unmatched line of cutting-edge products that we delivered across a historic holiday season. Apple today reported its fiscal Q1 2021 earnings, which cover the final calendar quarter of 2020 and the holiday sales season. And AAPL’s positive longer-term earnings revisions help it … The dividend is payable on February 11, 2021 to shareholders of record as of the close of business on February 8, 2021. Apple released its fiscal Q1 2021 results. Apple's Board of Directors has also declared a cash dividend of $0.205 per share of the company's stocks, payable on Feb. 11, 2021 to shareholders of record as of close of business on Feb. 8, … Apple reports biggest revenue quarter of all-time at $111.4B in Q1, first-quarter earnings report for fiscal 2021. Apple's services business, which the company has highlighted as a growth engine, was up 24% year over year to $15.76 billion. Contents: Prepared Remarks; Questions and Answers; Call Participants; Prepared Remarks: Operator Apple last night announced that it had achieved record earnings during the first quarter of fiscal 2021, with a huge $111.44 billion in revenue. Apple to Announce Q1 2021 Earnings on January 27 Tuesday January 5, 2021 3:17 pm PST by Juli Clover Apple today updated its investor relations page to … Copyright © The quarter saw net iPhone sales hit $65.6 billion, up substantially from the previous year, with Mac, iPad, wearables, and services all beating their year-ago results, too. January 28, 2021 Apple Tops Q1 Earnings Expectations ... the stock has come back and is trading with a modest gain of 8% for the year-to-date period. Apple did not provide official guidance for the upcoming quarter. Feb 02, 2021 {{::item.ticker}} • {{::item.company_name}} No Results ... Apple Inc. Q1 2021 Earnings Conference - Final Transcript Jan 27, 2021 • 05:00 pm ET. By PYMNTS. 'A masterpiece quarter': Four market analysts on Apple's Q1 earnings beat Published Thu, Jan 28 2021 1:36 PM EST Updated Thu, Jan 28 2021 1:38 PM EST Lizzy Gurdus @lizzygurdus Apple has generated $3.28 earnings per share over the last year and currently has a price-to … Find earnings report and search by company, date and market cap. “These results helped us generate record operating cash flow of $38.8 billion. Read the full earnings … Posted on January 27, 2021. Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Tuesday, January 26th. Analysts were expecting $103.3 billion. Share. The dividend is payable on February 11, 2021 to shareholders of record as of the close of business on February 8, 2021. Cook said that Apple's total install base for iPhones is over 1 billion, up from the previous data point of 900 million. Share. Apple no longer reports specific product sales, however, the quarter reportedly saw “double-digit growth in each product category,” with gross margins up from $35.2 billion in Q1 2020 to $44.3 […] January 27th, 2021 at 4:32 PM. Apple’s five software platforms — iOS, iPadOS, macOS, watchOS, and tvOS — provide seamless experiences across all Apple devices and empower people with breakthrough services including the App Store, Apple Music, Apple Pay, and iCloud. Shares took a hit in the minutes prior to the release of the earnings report. Please enter confirmation code 650941. The iPhone maker topped $100 billion in quarterly sales. The total active install base for all Apple products is 1.65 billion. Here are the key numbers to watch from Apple's Q1 earnings: Q1 2021 revenue: $111.4 billion. That product category is a catch-all: It includes the money Apple makes from the App Store, subscriptions to digital content such as Apple Music or Apple TV+, licensing fees paid by Google to be the iPhone's default search engine and AppleCare warranties. Wednesday January 27, 2021 2:10 pm PST by Juli Clover. Good day, and welcome to the Apple Q1 Fiscal Year 2021 Earnings Conference Call. Jefferies Financial Group also issued estimates for Apple's Q4 2021 earnings at $0.97 EPS, FY2021 earnings at $4.40 EPS, Q3 2022 earnings at $0.95 EPS, Q4 2022 earnings at $1.09 EPS, FY2022 earnings at $4.70 EPS and Q1 2023 earnings at $1.80 EPS. Earnings Apple Earnings Blowout In Q1 2021 Rides Success Of Connected Economy. That also means that profit came in at $28.76 billion. The dividend is payable on February 11, 2021 to shareholders of record as of the close of business on February 8, 2021. "They're full of features that customers love, and they came in at exactly the right time, with where 5G networks were," Cook said. ET. Today's call is being recorded. On a year-over-year basis, Apple earnings rose 34% while sales climbed 21%. Wednesday January 27, 2021 2:10 pm PST by Juli Clover. Share. Apple stock dropped 2% in extended trading. 2-min read Apple (AAPL) reported its Q1 2021 earningsafter the closing bell on Wednesday, easily surpassing analysts’ expectations on … Apple's first fiscal quarter is typically its largest of the year and includes critical holiday sales during December. But even the lack of guidance could not diminish what was a blowout quarter for the iPhone maker. Apple's Services Revenue Hits All-Time High of $15.8B Billion in Q1 2021. What to expect from the Apple results? We are also focused on how we can help the communities we’re a part of build back strongly and equitably, through efforts like our Racial Equity and Justice Initiative as well as our multi-year commitment to invest $350 billion throughout the United States.”, “Our December quarter business performance was fueled by double-digit growth in each product category, which drove all-time revenue records in each of our geographic segments and an all-time high for our installed base of active devices,” said Luca Maestri, Apple’s CFO. Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Tuesday, January 26th. All Rights Reserved. See who is reporting this week. The first-quarter earnings call will likely give us an idea of how well the iPhone 12 performed during the holiday shopping season, as well as the new M1 Macs which debuted in November. The company posted all time record revenue of $111.4 billion, up 21% year-over-year, and quarterly earnings per diluted share of $1.68, up 35%. 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