Big tech’s banner year – Apple’s quarterly sales exceed $100bn for the first time | Business

CHRISTMAS means rich pickings for Apple. The pandemic year was no different. The iPhone-maker’s quarterly revenue exceeded $100bn for the first time, two-and-a-half times Microsoft’s own record sales and four times Facebook’s. Among the tech giants only Amazon boasts bigger annual revenues—though much thinner margins.■

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This article appeared in the Business section of the print edition under the headline “Apple’s quarterly sales exceed $100bn for the first time”