You used to call me on my iPhone (12).... Apple crossed the $100B quarterly sales mark for the first time, bringing in a ginormous $111B last quarter. That's nearly 3X Facebook and Tesla's quarterly sales combined. The most valuable company on Earth made $28.8B in profit, one of the largest quarterly profits for any company (ever). Every product category saw double-digit sales growth. iPhone sales, which make up over half of the Fruit's total sales, soared 18% after two years of declines. The 5G-enabled 12 inspired a wave of fresh upgrades.
Still goin' ad on you, anyway... Despite all the regulatory and public scrutiny, Facebook posted an expectation-beating $28B in sales last quarter, proving that advertising is alive and well. Ad sales soared 31% from a year earlier, making up 97% of FB's total sales. Monthly users across apps jumped to 3.3B (aka: nearly half of all humans). But Apple ruined some of the earnings fun (claaassic): privacy changes to iOS 14 could hurt FB's precious ad-targeting abilities.