The logo of Apple is illuminated at a store in the city center in Munich, Germany, Wednesday, Dec. 16, 2020. Apple’s delayed launch of its latest iPhones unleashed a holiday buying frenzy that propelled sales of the trendsetting company’s most popular product to its fastest start in years. The apparently pent-up demand for four different iPhone 12 models highlighted Apple’s latest quarterly report Wednesday, Jan. 27, 2021. (AP Photo/Matthias Schrader)
Apple's revenue during the holiday quarter increased 21.4% to $111.4 billion. AP

Apple Q1 profit surges 29% as iPhone and iPad sales soar