Apple reported the highest quarterly revenue from China ever in Q1 2021, adding that its record-breaking $21 billion in revenue was not solely because of the iPhone.
“China was more than an iPhone story,” Cook said. “Could not have turned in performance like we did with only iPhone.”
He commented that iPhone demand was high due to a record number of upgraders, the most they’ve seen in a quarter. This is due to pent-up demand for a 5G iPhone.
Cook goes on to say that COVID-19 caused some issues quarter-over-quarter, adding that in the previous quarter, China was still struggling with recovery. In Q1, Apple says it hasn’t seen an effect from recent cases or lockdowns in China.