Apple Becomes World's Biggest Smartphone Seller In Fourth Quarter

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The executive said that sales were skewed toward the "Pro" models of the four handset line.

Meanwhile, Apple's services business - which has long kept the company stable despite shifts in the popularity of its hardware - also saw sharp growth. "What's likely weighing on the stock at the moment is that they didn't give guidance", said Shannon Cross of Cross Research.

Greater China saw the highest sales jump in the quarter.

Elsewhere, Japan registered the second-fastest revenue growth among all regions in the December quarter, with a 33% year-over-year increase to $8.3 billion, a new quarterly record for the country. The stock had jumped more than 20 per cent in the past three months, closing Wednesday at US$142.06 in NY.

Apple iPhone sales rose 17% during the quarter. But regardless, Apple today sells a "diverse" set of iPhones across price points giving buyers more options to choose from, so there is at least one "new" iPhone for everyone. The update also fixes issues including the Fitness widget not displaying updated activity data, image artifacts in HDR photos taken by iPhone 12 Pro, delay in typing and suggestions on the keyboard, audio stories of News app do not resume in CarPlay if paused to speak to Siri and enabling switch control accessibility that might prevent phone calls from being answered from the lock screen.

"Huawei dramatically receded in most markets as the result of the USA sanctions", said Canalys analyst Amber Liu.

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For the final quarter of 2020, Apple earnings surpassed $100 billion - a first.

According to Apple, iPhone's installed user base now sits at more than one billion people. Apple noted it would provide an update as soon as more details could be made available.

The company has been investing heavily in services, and it's seeing returns: nearly $US16 ($21) billion in revenue for the quarter.

Outside of the roundup, there was no specific discussion on Apple TV - as a service or hardware category - or the recent decision to extend the free trials of the service to July. Sales of iPads, Macs, and wearable all exceeded the company's expectations during the quarter.

Apple does pride itself on a security system, but that does not mean the technology is immune to problems. Analysts estimated US$11.84 billion. The Apple iPad led the way with a stunning 41% year-over-year increase in revenue.

Frankly, after staring down these macro trends over the last couple of years, it seemed like the days of phone-fueled earnings reports were behind the company as its expanding services portfolio started to become its primary financial driver.

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