One billion served: iPhone 12 helps boost Apple iPhone to record sales Apple
Apple’s iPhone install base tops one billion, CEO Tim Cook announced during its first quarterly earnings call of 2021. That contributes to 1.65 billion install base among all of Apple’s devices, which caps off an earnings report citing record $111 billion in quarterly sales.
That one billion iPhones number is up from a reported 900 million iPhone install base in 2019, per Reuters, while the total install base was 1.5 billion devices in 2020. This growth was helped by the first sales of the iPhone 12, which helped iPhone sales top $65 billion in the quarter, up from nearly $56 billion in the same period last year, per Apple’s Q1 2021 earnings report.
During the earnings call, Cook stated that more iPhone users had upgraded in the last quarter than ever before in the same time frame. They’d also seen more consumers switching to iPhones than last year – presumably to the iPhone 12, but potentially also the iPhone SE 2020 and other models, like the iPhone 11 and iPhone XR, which were both retained in the official lineup and discounted after the new line of Apple smartphones launched in late 2021.
Quarterly earnings: gains all around
To summarize Apple’s Q1 2021 quarterly earnings report: sales growth everywhere, for all products. This is obviously a success story in a year where Apple admitted that the COVID outbreak impacted production of the iPhone 12, and likely other products, as well as the pandemic’s impact on personal income and expenditures of consumers all over the world.
Developing…
Apple’s iPhone install base tops one billion, CEO Tim Cook announced during its first quarterly earnings call of 2021. That contributes to 1.65 billion install base among all of Apple’s devices, which caps off an earnings report citing record $111 billion in quarterly sales. That one billion iPhones number is…
