Apple posted double-digit growth in the first quarter of 2021 in all of its businesses, led by iPhone sales that surged by two-thirds from a year ago.
The world’s most valuable publicly listed company said revenue was up 54 per cent in its fiscal quarter to $89.6bn, far exceeding already elevated forecasts of $77bn. Net profits jumped 110 per cent to $23.6bn.
Total iPhone sales increased 66 per cent, bringing in $47.9bn — or 54 per cent of all revenues — as consumers the world over upgraded their handsets to the first line-up of 5G-enabled iPhones.
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