by Brandon Butler
Apple posts another record quarter 1/27/2021

Jason Snell at Six Colors:

On Wednesday, Apple announced its financial results for its first fiscal quarter of 2021, covering the holiday quarter of calendar-year 2020. This is traditionally Appleā€™s largest quarter every year, and despite a global pandemic, this one was no different: The company reported an all-time-record quarter, with $111.4 billion in revenue and $28.8 billion in profit.

Year over year, iPhone revenue was up 17% and set a new record, iPad revenue was up 41% to its best showing in six years, Mac revenue was up 21%, Services revenue was up 24% to a new record, and Wearables revenue was up 30 to a new record%.

Looks like a lot of money for a doomed company.