- Apple Inc. reports a record-breaking revenue of $111.4 billion in the first quarter of 2021, driven by strong iPhone sales and growth in wearables and services. The company’s net income rose to $28.8 billion, marking a 29% increase from the previous year.
- Apple’s iPhone revenue reached $65.6 billion, surpassing analyst expectations, while Mac and iPad sales also saw significant growth. The company’s CEO, Tim Cook, expressed optimism for the coming year and highlighted the success of the company’s ecosystem and services.
- Despite challenges posed by the ongoing pandemic, Apple’s performance in the market remains strong, with the company’s stock price reaching new highs. Analysts attribute this success to Apple’s ability to adapt to changing consumer demands and innovate in the tech industry.
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