Apple reports record-breaking $124B in Q1 revenue: 3 things to know

Apple recorded a record-breaking quarterly revenue of almost $124 billion, CNBC reported Jan. 28.

The iPhone maker's business continued to progress in multiple channels even amid the pandemic.

1. Shares

The release of its quarterly results caused Apple shares to rise 5 percent in after-hours trading Jan. 27.

2. Devices

The company said there are currently 1.8 billion Apple devices — such as iPads, Apple Watches, iPhones, Macs and HomePods — on its network.

AppleWatch 7 also introduced healthcare capabilities like heart-rate monitoring and dialing 911 when a user is hurt and unable to make the call themselves, according to a Jan. 27 earnings call transcribed by The Motley Fool

3. Applications

Upgraded features to Fitness+, like its "Time to Run" reminder and new collections of workouts, saw an increase in user satisfaction, CEO Tim Cook said on the earnings call.

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