Apple posted revenue of $ 89,6 billion during its fiscal second quarter of 2021, largely attributed to strong growth in sales of iPhones, laptops and services.
Released ahead of its regular conference call with analysts, Apple confirmed revenue of $ 89,6 billion for the quarter ending March 2021. This represents a 54% year-over-year growth from Q2020 58,3, when Apple posted 19. , XNUMX billion at the start of the COVID-XNUMX pandemic.
Net earnings rose a staggering 110% to $ 23,6 billion.
"This quarter for Apple would not have been possible without the tireless and innovative work of every member of the Apple team around the world," said Tim Cook, Apple's CEO. “We are delighted with the enthusiastic response from customers to the unrivaled line of state-of-the-art products we delivered during a historic holiday season. We are also focused on how we can help the communities we belong to rebuild in a strong and equitable way, through efforts such as our Racial Justice and Equity Initiative, as well as our multi-year commitment to invest in America. ”
Gross margin for the quarter reached 42,5% and is higher than the previous year's quarter, which was 38,4%. Operating expenses for the period were $ 10,6 billion, up from $ 9,5 billion in the second quarter of 2020. Diluted earnings per share will be $ 1,40.
“This quarter reflects both the enduring ways our products have helped our users cope with this time in their lives, and the optimism consumers seem to be feeling for the best days to come,” said Tim Cook, Principal. “Apple is in a period of radical innovation across our entire product line and we remain focused on how we can help our teams and the communities in which we work emerge from this pandemic into a better world. Sure it starts with products like the new iMac and iPad Pro, but it extends to efforts like the 8 gigawatts of new clean energy we will help bring to the grid and our $ 430 billion investment in the US over the next few years. 5 years".
Before the results were released, Wall Street expected Apple to record revenue of $ 77,4 billion, with earnings per share of $ 0,99 (it was 89,6 billion and $ 1,4 per share).
Apple's board of directors declared a cash dividend of $ 0,22 per share on the Company's common stock, an increase of 7%.
Record first quarter revenue of $ 111,4 billion reflects significant growth in iPhone sales, driven by the launch of the iPhone 12 range. The second quarter benefits from the first quarter lead, with lower iPhone revenue. They reach $ 47,9 billion, up from $ 28,96 billion in the second quarter of 2020.
IPad revenue is 7,8 billion, up from 4,4 billion a year ago, Mac revenue of 9,1 billion up from 5,4 billion in Q2020 7,8, and the Wearables, Home & Division Accessories rose to $ 6,3 billion from $ XNUMX billion.
These results are the first full quarter of sales for the iPhone 12 range, as well as Apple Watch Series 6, Apple Watch SE, iPad 2020, iPad Air, HomePod mini, the first batch of Macs with Apple Silicon Mac and AirPods Max.
Growth in Apple's Services business followed suit, increasing to $ 16,9 billion from $ 13,4 billion in the same period of 2020.
