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- CUPERTINO, Calif. -- (BUSINESS WIRE)-- Apple® today announced financial results for its fiscal 2021 second quarter ended March 27, 2021. The Company posted a March quarter record revenue of $89.6 billion, up 54 percent year over year, and quarterly earnings per diluted share of $1.40.
www.nasdaq.com/press-release/apple-reports-second-quarter-results-2021-04-28
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Apr 28, 2021 · Cupertino, California April 28, 2021 Apple today announced financial results for its fiscal 2021 second quarter ended March 27, 2021. The Company posted a March quarter record revenue of $89.6 billion, up 54 percent year over year, and quarterly earnings per diluted share of $1.40.
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Apple delivered strong beats on earnings, total revenues, and services revenues in Q2 FY 2021, the quarter ending in March.
Apple's quarterly revenue for Q2 2021 hit an all-time record.
Services revenue was the highest of any quarter in Apple's history.
Apple's services business enjoys a gross profit margin almost double that of its products business.
that beat consensus estimates handily. Note that
that ends in September, thus the quarter that just ended in March was Q2 2021, not Q1, as it'd be if Apple followed calendar quarters.
(EPS) were $1.40, beating the consensus estimate of $0.99 by 41.4%. Revenues were $89.6 billion, better than the estimate of $77.4 billion by 15.8%. This was record revenue for the fiscal quarter ending in March, and was up by 53.6% from the same period a year ago.
Services revenue of $16.9 billion beat the estimate of $15.7 billion by 7.6%. This figure represented a new record for the company in any quarter, and was 26.6% higher than the same period one year ago.
This was the second consecutive quarter in which Apple posted double-digit year-over-year growth rates in all its product categories. CFO Luca Maestri indicated that he expects double-digit revenue growth in Q3 FY 2021, but warned that Apple is constrained by worldwide semiconductor shortages.
CEO Tim Cook said that Apple is seeing a surge of first-time buyers of Macs. Sales of Macs were up by 70% year-over-year, and sales of iPads surged by 79%. Meanwhile, paid subscriptions for all Apple's services stand at 660 million, up by 40 million from Q1 FY 2021.
Apple's next earnings report is estimated to be released on August 3, 2021.
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- Mark Kolakowski
Apr 28, 2021 · Key Points. Apple reported a blowout quarter on Wednesday, announcing companywide sales up 54% higher than last year, and significantly stronger profits than Wall Street expected. Apple did...
Apr 28, 2021 · Apple today announced financial results for its second fiscal quarter of 2021, which corresponds to the first calendar quarter of the year. For the quarter, Apple posted revenue of $89.6...
- Macrumors Staff
Apr 28, 2021 · Apple reported $89.5 billion in revenue during its 2021 fiscal second-quarter, which ran from January to March for the phone maker. The company's Q2 saw all of its stores open for the first...
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Apr 28, 2021 · CUPERTINO, Calif. -- (BUSINESS WIRE)-- Apple® today announced financial results for its fiscal 2021 second quarter ended March 27, 2021. The Company posted a March quarter record revenue of...
Apr 28, 2021 · Apple today announced financial results for its fiscal 2021 second quarter ended March 27, 2021. The Company posted a March quarter record revenue of $89.6 billion, up 54 percent year over year, and quarterly earnings per diluted share of $1.40.
