Apple announced the results of the second fiscal quarter of 2021 the day before yesterday, which corresponds to the first quarter of the actual year. This quarter was the most awaited from analysts. At the end of last year, the “actual” 2020, Apple revealed a series of updates for devices such as the Mac Pro with the M1 processor, updates to the iPad Air and the economical, and launched 4 new iPhones. Everyone waited for what the results would be.

Apple announces results for the second fiscal quarter of 2021


The report showed that Apple's total sales rose 54% from the same fiscal second quarter last year, and profits were better than expectations. IPhone sales increased by 65.5%, iPad 78.7% and Mac computers 70.1%. Apple recorded revenues of $ 89.6 billion and a net profit of $ 23.6 billion, compared to revenues of $ 58.3 billion and a net profit of $ 11.2 billion for the same quarter last year.

Gross margin for the quarter was 42.5%, compared to 38.4% in the same quarter last year, with global sales accounting for 67% of revenue. Apple also announced a dividend increase of $ 0.22 per share, up from $ 0.205 per share. The dividend is due on May 13th to shareholders of record effective May 10th.

As has been the case since the Corona pandemic, Apple has not released the usual statement on its forecast for the next quarter, which ends in June.


Detailed results

These are Apple's detailed figures for the results for the past quarter compared to the growth rates for the same 3 months of last year:

Total revenue: $ 89.58 billion versus. An estimated $ 77.36 billion, up 53.7% year-on-year.

All Products: Apple's total revenue from selling various products is $ 72.68 billion, an increase of 61%.

Services : Apple's total revenue from the services sector is $ 16.9 billion, up 26.6%.

IPhone revenues: $ 47.94 billion versus. An estimated $ 41.43 billion, up 65.5% year-on-year.

Revenue from services: $ 16.90 billion versus an estimated $ 15.57 billion, up 26.7% year-on-year.

Other product returns: Apple's revenue from wearables "headphones, watches, etc." reached $ 7.83 billion, an increase of 24.6%.

Mac revenue: $ 9.10 billion versus. An estimated $ 6.86 billion, up 70.1% year-on-year.

IPad Revenue: $ 7.80 billion versus an estimated $ 5.58 billion, up 78.7% year-on-year.

Gross margin: 42.5% gross margin versus an estimated 39.8%.

US Sales: Apple's sales in the Americas reached $ 34.3 billion, up 34.6%.

Global Sales: The share of global Apple sales "outside North America" ​​increased to $ 55.27 billion, which means an increase from 56.3% to 61.7% of total Apple sales.


Tim Cook comments on the services sector and the iPhone

Apple said it acquired 40 million new paid subscription to services during the last quarter (October-December 2020), bringing the total subscribers to 660 million paid subscriptions across all services, an increase of 145 million over the second fiscal quarter of last year.

Apple CEO Tim Cook highlighted the latest Apple service announcements, Apple Card‌ family subscriptions and podcasts, both of which are set to be launched in the near future.

During the earnings call, Tim Cook was asked about iPhone 12 sales and which iPhones were the most popular with consumers during the quarter. He confirmed that the iPhone 12 was the most famous, and he also explained that sales of the iPhone 12 Pro and Pro Max are also strong, but there was no mention of sales of the iPhone 12 mini, which means an implicit admission of rumors that its sales were weak.

It is worth noting that Apple is still planning to produce the iPhone 13 mini this year, but this volume will be discontinued as of next year.


Comment iPhone Islam

Despite the Corona pandemic, which caused economic crises, it was expected that Apple would be the most affected by the high prices of its devices; However, it appears that the company's steps are on the right path as Apple continues to generate strong revenues; It is expected that sales of Mac and iPad devices in the next third fiscal quarter will witness another similar, if not better, boom with the entry of sales IPad Pro and iMac Apple unveiled them with the M1 processor last week, in addition to the WWDC conference in which it will unveil its independent systems, which may encourage new people to acquire Apple devices.

What do you think of the results of this previous second fiscal quarter? Do you expect to continue to increase profits? Let us know in the comments.

Source:

cnbc

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