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 Apple's revenue record for the quarter mentioned in the text?

Which product category contributed the most to Apple's revenue during the quarter?

What did Apple's CFO indicate about the future growth of wearables and services?

How many devices does Apple's overall user base account for?

What was notably absent from the discussion regarding Apple's performance?