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Apple Posts Biggest Quarter Ever and No One Noticed

Apple Posts Biggest Quarter Ever and No One Noticed

| February 02, 2021
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Amidst all the drama and non-stop news coverage this week surrounding the war between the Reddit WallStreetBets crowd and several hedge funds over GameStop and a handful of other heavily-shorted stocks, Apple posted its biggest quarter ever – and hardly anyone noticed.  Apple reported it brought in $111 billion of revenue in the final quarter of 2020.  The Services business, which includes Apple Music, the App Store, Apple Pay, Apple TV, iCloud and more, was a bright spot for Apple, growing 24% year-over-year, but it was actually robust sales in China that really helped Apple's revenue over the top to its first-ever $100-billion-plus quarter.

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Jeffrey Cerny

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