While there are still some major issues hindering businesses all over the world, Apple continues to march ahead. Not so surprisingly, the company had yet another strong quarter over the middle of 2021. And today the company’s revealing how well things went over the course of the last three months.
Today, Apple reported its official third fiscal quarter of 2021. It’s a record-setting stretch, too, covering April, May, and June of this year. It’s a significant uptick in year-over-year comparison, as Apple brought in billions in revenue yet again.
According to Apple, the company brought in $81.4 billion in its third fiscal quarter of this year. That’s a 36 percent year-over-year increase when compared to the third fiscal quarter of 2020. In that time, Apple brought in $59.7 billion. Apple saw a profit of $21.74 billion this quarter.
From today’s announcement:
Apple today announced financial results for its fiscal 2021 third quarter ended June 26, 2021. The Company posted a June quarter record revenue of $81.4 billion, up 36 percent year over year, and quarterly earnings per diluted share of $1.30.
As is usual, Apple’s CEO Tim Cook weighed in on the latest quarterly results:
This quarter, our teams built on a period of unmatched innovation by sharing powerful new products with our users, at a time when using technology to connect people everywhere has never been more important,’ said Tim Cook, Apple’s CEO. ‘We’re continuing to press forward in our work to infuse everything we make with the values that define us — by inspiring a new generation of developers to learn to code, moving closer to our 2030 environment goal, and engaging in the urgent work of building a more equitable future.
And of course, Apple’s Chief Financial Officer, Luca Maestri, also chimed in:
Our record June quarter operating performance included new revenue records in each of our geographic segments, double-digit growth in each of our product categories, and a new all-time high for our installed base of active devices,’ said Luca Maestri, Apple’s CFO. ‘We generated $21 billion of operating cash flow, returned nearly $29 billion to our shareholders during the quarter, and continued to make significant investments across our business to support our long-term growth plans.
This has been a solid year for Apple so far. In the second fiscal quarter of this year, Apple brought in a total revenue of $89.6 billion. And, while Apple hasn’t started its live call of the results quite yet, it stands to reason that the company will have positive things to say about the Services division, too.
- iPhone: $39.57 billion, a 49.7% percent increase YOY
- iPad: $7.37 billion, a 12% hike from this time last year
- Mac: $8.24 billion, a 16.38% YOY increase
- Wearables, Home and Accessories: $8.78 billion, with a 36.12% jump from last year
- Services: $17.49 billion, an uptick of 32.90% YOY
So, another solid fiscal quarter. And leading into the holiday season, a good indicator things will continue to go well for Apple leading into 2022.