Apple (AAPL) has officially reported its earnings for fiscal Q2 2021, covering the months of January, February, and March. For the quarter, Apple reported $89.6 billion in earnings and revenue of $23.6 billion. This compares to the earnings of $58.3 billion and profit of $11.25 billion the business published for the exact same quarter in 2015.
Apple promotes that both Mac and Solutions categories have struck brand-new all-time records for quarterly income. Overall earnings is a record for the March quarter. Apple’s gross margin for the quarter was 42.5 percent.
Apple did not provide assistance for Q2 2021 due to unpredictabilities caused by the COVID-19 pandemic, but analysts still had their expectations. The consensus view among analysts was for year-on-year revenue growth of anywhere from 32.2% to 36.8%, for profits varying from $77.1 billion to $79.77 billion. Apple crushed those estimates.
Apple likewise announced a dividend boost and an increase of $90 billion to the share repurchase program.
Apple’s board of directors has actually stated a cash dividend of $0.22 per share of the Business’s common stock, an increase of 7 percent. The dividend is payable on May 13, 2021 to investors of record since the close of organization on Might 10, 2021. The board of directors has actually likewise authorized an increase of $90 billion to the existing share redeemed program.
Apple CEO Tim Cook had the following to say about Apple’s Q2 2021 performance:
“This quarter shows both the enduring methods our products have actually helped our users satisfy this moment in their own lives, as well as the optimism consumers seem to feel about much better days ahead for everybody,” said Tim Cook, Apple’s CEO. “Apple remains in a period of sweeping development across our item lineup, and we’re keeping focus on how we can help our groups and the neighborhoods where we work emerge from this pandemic into a better world. That certainly begins with items like the all-new iMac and iPad Pro, but it extends to efforts like the 8 gigawatts of new clean energy we’ll assist bring onto the grid and our $430 billion financial investment in the United States over the next 5 years.”
And CFO Luca Maestri added:
“We take pride in our March quarter performance, that included earnings records in each of our geographic sectors and strong double-digit growth in each of our product categories, driving our installed base of active gadgets to an all-time high,” stated Luca Maestri, Apple’s CFO. “These outcomes enabled us to generate operating cash flow of $24 billion and return nearly $23 billion to shareholders throughout the quarter. We are confident in our future and continue to make substantial financial investments to support our long-term plans and enrich our consumers’ lives.”
AAPL stock is up over 3% in after-hours trading following Apple’s incomes release.
AAPL earnings by product As has become traditional, Apple does not report unit sales for any of its hardware items. Instead, it reports a breakdown of profits by product category. Here are those numbers for financial Q2 2021:
- $47.94 billion: iPhone (Up 65%)
- $9.1 billion: Mac (Up 70% YOY)
- $7.81 billion: iPad (up 79% YOY)
- $7.84 billion: Wearables, House, and Devices (Up 24% YOY)
- $16.9 billion: Provider (Up 26% YOY)
Check out the complete report on Apple Newsroom and the folks over at Six Colorshave some fantastic charts picturing Apple’s development.
Stay tuned to 9to5Mac for more protection from the AAPL revenues call with Tim Cook and Luca Maestri next. You can listen live to the AAPL Q2 2021 profits call audio streaming at the top of the hour here or listen back quickly after the call with Apple Podcasts.
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