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Apple Q2 2021 Sets Record $89.6 Billion in Revenue, Up 54% Year-Over-Year

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Apple has announced its Q2 2021 financial results, for the quarter ended March 27, 2021. The company saw a record $89.6 billion in revenue for the quarter, up 54% year-over-year, with earnings per diluted share of $1.40, to go with international sales taking up 67% of Q2 revenue.

“This quarter reflects both the enduring ways our products have helped our users meet this moment in their own lives, as well as the optimism consumers seem to feel about better days ahead for all of us,” said Tim Cook, Apple’s CEO.

“Apple is in a period of sweeping innovation across our product lineup, and we’re keeping focus on how we can help our teams and the communities where we work emerge from this pandemic into a better world. That certainly begins with products like the all-new iMac and iPad Pro, but it extends to efforts like the 8 gigawatts of new clean energy we’ll help bring onto the grid and our $430 billion investment in the United States over the next 5 years,” added Cook.

The company’s Services and Mac revenue set new records, at $16.9 billion and $9.1 billion respectively, as ongoing working and learning from home due to COVID-19 has benefitted Apple’s computer sales.

“We are proud of our March quarter performance, which included revenue records in each of our geographic segments and strong double-digit growth in each of our product categories, driving our installed base of active devices to an all-time high,” said Luca Maestri, Apple’s CFO. “These results allowed us to generate operating cash flow of $24 billion and return nearly $23 billion to shareholders during the quarter. We are confident in our future and continue to make significant investments to support our long-term plans and enrich our customers’ lives.”

Apple saw net income of $23.6 billion for the quarter. Here’s a breakdown of revenue by products and services:

  • iPhone: $47.9 billion
  • Mac: $9.1 billion
  • iPad: $7.8 billion
  • Wearables, Home and Accessories: $7.8 billion
  • Services: $16.9 billion

Apple’s Board of Directors has declared a cash dividend of $0.22 per share of the Company’s common stock, a 7% increase, payable on May 13, 2021 to shareholders of record as of the close of business on May 10, 2021.

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