Apple (AAPL) reports record Q2 2021 earnings: $89.6 billion in revenue, up 54% YOY
Apple (AAPL) officially reported earnings for the second fiscal quarter of 2021, which spans January, February and March. Apple’s revenue for the quarter was $89.4 billion and revenue was $23.6 billion. In contrast, the company's revenue was 58.3 billion U.S. dollars, while last year's revenue was 11.25 billion U.S. dollars. According to Apple, the Mac and service categories set new quarterly sales records. Total sales are the highest on record for the March quarter. Apple’s gross profit for the quarter was 42.Due to the uncertainty caused by the COVID-19 pandemic,
Apple has not made any predictions for the second quarter of 2021, but analysts still stick to their expectations. % Of sales are between 77.1 billion U.S. dollars and 79.77 billion U.S. dollars. Apple exceeded these ratings. Apple also announced an increase of $90 billion in dividends and stock repurchases. Apple’s board of directors declared a dividend of $0 per share.The company’s common stock was 22 shares, an increase of 7%. Dividends will be paid to shareholders of record on May 13, 2021 at the end of business hours on May 10, 2021. US$90 billion is used for existing stock repurchase programs.
Apple CEO Tim Cook said of Apple’s performance in the second quarter of 2021: “This quarter reflects that our products continue to help our users through this moment in their lives. The way that consumers are optimistic about the product. Apple CEO Tim Cook thought of the good times of all of us. "Apple is making fundamental innovations in the product line. We continue to focus on how to help our team and the communities in which we work, from this pandemic to a better world. This of course starts with the new iMac and the like. And iPad Pro, but we will continue to work hard, such as the 8 GW of new clean energy that will go online and the US$430 billion invested in the United States in the next five years.
Chief Financial Officer Luca Maestri added: “We are proud of our March quarterly performance, which includes our sales records in each geographic region and significant double-digit growth in each product category, thus expanding our base. Installed The number of active devices has reached unprecedented heights," said Luca Maestri, Apple's principal. financial director. These results have allowed us to generate US$24 billion in operating cash flow and returned nearly US$23 billion to shareholders during the quarter.
We are full of confidence in the future and will continue to make substantial investments to support our long-term plans and enrich the lives of our customers. After Apple released its earnings report, AAPL stock rose more than 3%.
for more...APPLE NEWS ROOM
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