What you need to know
- Q1 2021 experienced the most iPhone upgrades ever in a quarter.
- Apple attributes the performance to the iPhone 12 lineup and its inclusion of 5G.
Apple CEO Tim Cook and CFO Luca Maestri both took questions during the company's Q1 earnings call in which Apple announced record-breaking revenue of over $110 billion. Apple's iPhone business saw impressive growth despite releasing its new iPhone 12 lineup later than usual due to supply-chain challenges during the pandemic.
Even with these challenges in place, Tim Cook revealed during the call that the company had experienced "the largest number of upgraders that we've ever seen in a quarter" during Q1 2021.
When asked about iPhone performance in China, Cook pushed back saying that China was much more than just iPhone, but also mentioned that the country also saw a record number of upgraders.
Cook attributed the record number of upgrades to the iPhone 12 lineup and Apple's switch to 5G. The CEO reiterated that the United States and China are some of the leaders in the 5G rollout, so consumers in both countries are upgrading to take advantage of the new technology.
Master your iPhone in minutes
iMore offers spot-on advice and guidance from our team of experts, with decades of Apple device experience to lean on. Learn more with iMore!
Joe Wituschek is a Contributor at iMore. With over ten years in the technology industry, one of them being at Apple, Joe now covers the company for the website. In addition to covering breaking news, Joe also writes editorials and reviews for a range of products. He fell in love with Apple products when he got an iPod nano for Christmas almost twenty years ago. Despite being considered a "heavy" user, he has always preferred the consumer-focused products like the MacBook Air, iPad mini, and iPhone 13 mini. He will fight to the death to keep a mini iPhone in the lineup. In his free time, Joe enjoys video games, movies, photography, running, and basically everything outdoors.