Apple (AAPL) studies document Q3 2021 earnings: $81.4 billion profits, up 36% YOY

Apple (AAPL) has formally documented its earnings for fiscal Q3 2021, covering the months of

Apple (AAPL) has formally documented its earnings for fiscal Q3 2021, covering the months of April, Could, and June. For the quarter, Apple described $81.43 billion in profits, up 36 percent year more than calendar year, and profit of $21.74 billion. It documented earnings-for every-share of $1.30.

This compares to the revenue of $59.7 billion and financial gain of $11.25 billion the corporation posted for the exact same quarter final 12 months.

Apple did not give assistance for Q3 2021 owing to uncertainties brought on by the COVID-19 pandemic, but analysts however had their expectations. As we detailed earlier this 7 days, even the most pessimistic of them predicted considerable earnings expansion. The minimal estimate was $65.68B, even though the substantial stop was $77.15B.

Apple CEO Tim Prepare dinner experienced the adhering to to say about Apple’s Q3 2021 overall performance:

“This quarter, our teams created on a period of time of unmatched innovation by sharing potent new products with our users, at a time when using know-how to hook up people today everywhere you go has by no means been additional crucial,” explained Tim Prepare dinner, Apple’s CEO. “We’re continuing to push forward in our work to infuse every thing we make with the values that determine us — by inspiring a new era of developers to find out to code, relocating nearer to our 2030 setting aim, and engaging in the urgent function of developing a extra equitable long run.”

And CFO Luca Maestri additional:

“Our record June quarter functioning performance bundled new earnings records in every of our geographic segments, double-digit progress in each individual of our item types, and a new all-time high for our set up base of active devices,” claimed Luca Maestri, Apple’s CFO. “We generated $21 billion of working hard cash move, returned nearly $29 billion to our shareholders for the duration of the quarter, and ongoing to make significant investments across our organization to help our long-term growth options.”

AAPL earnings by product or service

Apple no for a longer time experiences device product sales for any of its merchandise, but rather stories a breakdown of revenue by products group. Here is that breakdown for the fiscal Q3 2021.

  • $39.57 billion: Apple iphone (Up 49.7% YOY)
  • $8.24 billion: Mac (Up 16.38% YOY)
  • $7.37 billion: iPad (Up 12% YOY)
  • $8.78 billion: Wearables, Residence, and Accessories (Up 36.12% YOY)
  • $17.49 billion: Providers (32.90% YOY)

Study the whole report on Apple Newsroom.

Continue to be tuned to 9to5Mac for far more protection from the AAPL earnings call with Tim Cook dinner and Luca Maestri upcoming. You can hear live to the AAPL Q3 2021 earnings call audio streaming at the top of the hour in this article or listen again shortly just after the get in touch with with Apple Podcasts.

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