Apple Reports Record-Setting 1Q 2021 Results: $28.8B Profit on $111.4B Revenue [Conference Call Transcript]

Apple today announced financial results for its first fiscal quarter of 2021, which corresponds to the fourth calendar quarter of 2020.For the quarter, Apple posted revenue of $111.4 billion and net quarterly profit of $28.8 billion, or $1.68 per diluted share, compared to revenue of $91.8 billion and net quarterly profit of $22.2 billion, or $1.25 per diluted share, in the year-ago quarter.
As expected thanks largely to the later launch of the iPhone 12 series that pushed it entirely into the f