Apple Sets Revenue Record, But Offers Cautious Outlook

In this episode of Power Up, Mark Berman reviews Apple's Q1 2021 financial results, highlighting a record revenue of $111.4 billion, driven mainly by iPhone sales. Despite meeting high expectations, some investors were not fully satisfied. Apple did not provide guidance for the next quarter but hinted at a slowdown in wearables and services growth. The company's user base reached 1.65 billion devices, with significant opportunities in India. The App Store, iCloud, and Apple Music performed well, but Apple TV+ lagged behind other streaming services. Overall, Apple had a strong quarter and anticipates continued success.

What was the primary driver of Apple's record revenue in Q1 2021?

• Mac sales

• iPhone sales

• iPad sales

• Wearables

Which product categories are expected to see a slowdown in growth according to Apple's CFO?

• Services and iPhone

• iPad and Mac

• Wearables and Services

• iPhone and Mac

How many devices make up Apple's overall user base as mentioned in the transcript?

• 1.75 billion

• 1.65 billion

• 1.5 billion

• 2 billion

Which streaming service was notably absent from much discussion in Apple's financial results?

• HBO Max

• Netflix

• Hulu

• Apple TV Plus

What did Tim Cook discuss regarding Apple's opportunities in developing regions?

• Increased Mac sales

• New iPad models

• Growth in iPhone 12 sales

• Expansion of Apple TV Plus