Tech giant Apple has claimed that its base of iPhone users has reached a new high. The Cupertino-based company said that there are more than 1 billion iPhones that are now active on Earth. Its CEO Tim Cook informed that the iPhone business expanded by 17 percent YoY. In the December quarter, iPhone revenue was USD 65.6 billion. The revenue was mainly driven by very strong demand for iPhone 12 series. Cook noted that the response to iPhone 12 lineup despite the pandemic was unprecedented. The iPhone 12 series is the first from the American multinational to offer 5G. It remained the biggest attraction for the users. The lineup includes four handsets and all feature 5G connectivity. A survey has revealed that 98 percent of iPhone customers are satisfied with the new models.
Meanwhile, Cook said that the iPad market grew by 41 percent and Mac by nearly 21 percent. He said that the quarter also saw Apple engineers incorporating the M1 chip to the new iPad Air and the first-gen of Macs. These products also fetched a very strong demand and contributed to the company’s overall revenue. Also, Apple’s product revenue reached a record high in the quarter. The company mopped up USD 95.7 billion. This is 21 percent more than the last year’s data. The overall revenue was recorded at USD 111.4 billion for the December quarter. This was also an all-time high for the company. The net profit was USD 28.8 billion.
Apple’s paid subscriptions also grew impressively across multiple services. It surpassed the target of 600 million subscriptions before the end of December month. In the December quarter, the company added over 35 million subscriptions. It has now more than 620 million paid subscribers across the services. Apple wearable and accessories grew at an impressive 30 percent in the quarter. Notably, Apple said that its full-year performance declined by 5.9 percent compared to 2019. The growth in the December quarter is an indication of recovery. The company expects that the momentum will continue in 2021.