Business
Apple’s iPhone Has Sold More Than USD47.9B In First Quarter
US technology firm Apple saw its income more than double and total sales increase 54% in the first quarter of 2021, according to financial results statement released Wednesday.
Net income rose to $23.6 billion in the January-March period, up nearly 111% from $11.2 billion in the same period of last year.
Total net sales came at almost $89.6 billion, which were up almost 54% from $58.3 billion during the period.
CEO Tim Cook said the company is in a period of “sweeping innovation” across its product lineup, in addition to renewable energy.
“That certainly begins with products like the all-new iMac and iPad Pro, but it extends to efforts like the 8 gigawatts of new clean energy we’ll help bring onto the grid and our $430 billion investment in the United States over the next 5 years,” he wrote in the statement.
The Cupertino-based firm saw net sales from Mac computers reach $9.1 billion in the first three months of the year – up 72% from $ 5.3 billion year-on-year.
Its iPad tablet sales rose 77% to $7.8 billion from $4.4 billion during that period.
But it was the iPhone smartphone sales the firm generated the most income, which climbed 66% to $47.9 billion from $28.9 billion.
Kenya Insights allows guest blogging, if you want to be published on Kenya’s most authoritative and accurate blog, have an expose, news TIPS, story angles, human interest stories, drop us an email on [email protected] or via Telegram
-
News3 days agoKenyan Driver Hospitalized After Dubai Assault for Rejecting Gay Advances, Passport Seized as Authorities Remain Silent
-
Business1 week agoKakuzi Investors Face Massive Loss as Land Commission Drops Bombshell Order to Surrender Quarter of Productive Estate
-
Investigations1 week agoINSIDER LEAK REVEALS ROT AT KWS TOP EXECUTIVES
-
Business4 days agoConstruction Of Stalled Yaya Center Block Resumes After More Than 3 Decades and The Concrete Story Behind It
-
Investigations1 week agoCNN Reveals Massive Killings, Secret Graves In Tanzania and Coverup By the Govt
-
Business1 week agoBANKS BETRAYAL: How Equity Bank Allegedly Helped Thieves Loot Sh10 Million From Family’s Savings in Lightning Fast Court Scam
-
Investigations5 days agoHow Somali Money From Minnesota Fraud Ended In Funding Nairobi Real Estate Boom, Al Shabaab Attracting Trump’s Wrath
-
News2 weeks agoEXPOSED: How Tycoon Munga, State Officials, Chinese Firm Stalled A Sh3.9 Trillion Coal Treasure In Kitui
