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Apple reports a record USD 34.6 bln net profit

NEW YORK, Jan 28 (KUNA) -- American tech company, Apple Inc., recorded a net profit of USD 34.6 billion during last three months of 2021, compared to the 2020 USD 28.7 billion of the same period, overcoming supply chain crisis and coronavirus pandemic ramifications.
The company's profit per share reached USD 2.10, exceeding expectations of USD 1.89 per share.
Apple's first quarter revenue was USD 123.9 billion, 11 percent up from last year and higher than analysts' estimate of USD 118.7 billion.
IPhone sales revenue reached USD 71.6 billion, a nine percent increase from 2020 sales. Mac sales rose to USD 10.9 billion, whereas IPad sales fell to USD 7.2 billion.
Apple services' revenues hiked to USD 19.7 billion in Q4 compared USD 15.7 billion of 2020 Q4.
Apple's smartphone market share in China regained its top-selling vendor status for the first time in six year as it reached a record 23 percent.(end) asf.aai