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.

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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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