Apple Q1 2021 earnings report: $111.4 billion revenue, Apple has over 1 billion active iPhone users

Apple released its fiscal Q1 2021 results. The company has reached two major milestones during this quarter which encompasses the months of October, November, and December. In addition to Apple breaking past $100 billion in revenue of any quarter in the company’s history, Apple CEO Tim Cook also revealed to Retuters that the iPhone has surpassed 1 billion active users for the first time. Apple ended the quarter with $111.44 billion in revenue, and reported $28.6 billion in profits. This is compared to 2020’s Q1 which ended with $91.8 billion in revenue and $22.2 billion in profits. Apple...