Apple has presented its results for its second fiscal quarter. After closing the last fiscal year with record revenues, the company again shows an upward trend, earning $89.6 billion and obtaining a net profit of $23.6 billion in this period, which includes the first three months of the calendar year.
The iPhone continues to be Apple’s top revenue earner. With several records in several of these categories, the tech giant has doubled net income and revenue year-over-year.
Apple shows the financial results of the second quarter of 2021
The iPhone continues to be the goose that laid the golden eggs for the company. In this first period of the year, the smartphone has accounted for $47,938 million in revenue, compared to the $26,444 million of the last fiscal year (which did not include the new models). It is followed by the services division, which is close to $17 billion in revenue. This is the complete list:
- iPhone: $47.938 billion.
- Services: $16.901 billion.
- Mac: $9.102 billion.
- Wearables, home, and accessories: $7.836 billion.
- iPad: $7.807 billion.
The company continues to break revenue records
Although the iPhone division continues to be the star performer, both services and Mac outperformed last year, achieving record revenues and helping these revenue results to be 54% higher than the same quarter last year. Those services include Apple Music, Apple Arcade, Apple TV+, Fitness+.
The data indicates that the iPhone 12 and 12 Pro have been very well received, with Cook claiming that 2021 was the best fiscal second quarter in terms of the number of people renewing iPhones. October’s data already indicated that the new iPhones lead worldwide sales of 5G smartphones and, saving the iPhone 12 mini sales fiasco, their bigger siblings are having great results.
Along with these results, the company has confirmed a new dividend of 0.22 dollars per share, which will be paid on May 13. It has also indicated that it will invest $90 billion in share buybacks going forward.
