Apple revenue crosses $100 billion for first time as iPhone sales soar globally

Apple reported $111.4 billion in revenue marking a record fiscal first quarter ended December 26 on the back of strong iPhone sales, CEO Tim Cook announced during Cupertino’s earnings call on Thursday. International sales accounted for 64% of the quarter’s revenue with the company continuing to make rapid strides in markets like India.

Apple revenue crossed $100 billion for the first time in Cupertino’s history during the final calendar quarter of 2020 and a ‘historic’ holiday season, up 21 percent year over year, but most importantly, iPhone sales reached ‘record’ $65.6 billion—the previous best was $61.58 billion, which Apple achieved in fiscal Q1, 2018. Simply put, the iPhone is making money again after sales missed Wall Street estimates last quarter in part due to a 25% fall in revenue in China.