In contrast, the iPhone maker reported $58.3 billion in revenue in Q2 of 2020 and a profit of $11.2 billion. So there’s a $30 billion increase in revenue, and profit is up from $11.2 billion to $23.6 billion.
Apple Had Its Best Second Quarter After Holiday
Breaking down the numbers, the iPhone constituted half portion of the revenue, with total revenue of $47.93 billion coming from the iPhones, followed by services, accounting for $16.93 billion of the total revenue. Next, the mac lineup posted a sales revenue of $9.14 billion, which constitutes 10.2% of the Cupertino giant’s total revenue. Then, Wearables, Home and Accessories accounted for 8.7% of revenue with a sales revenue of $7.79 billion. Finally, the iPad lineup recorded a sales revenue of $7.79 billion.
- iPhone: $47.93 billion (53.5%)
- Services: $16.93 billion (18.9%)
- Mac: $9.14 billion (10.2%)
- Wearables, Home, and Accessories: $7.79 billion (8.7%)
- iPad: $7.79 billion (8.7%)
“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 Apple CEO Tim Cook in a statement.
“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,” Tim Cook further added.
iPads and Macs reported an almost 70-80% surge in sales for another quarter. The remote work situation was the driving force between the continued success of Apple’s computing hardware business. We heard that iPhone 12 mini isn’t doing great out there, but this doesn’t mean other iPhones are falling behind. The iPhone category has reported 66% year-over-year (YoY) growth.
Coming to services, the Cupertino giant has now more paid subscribers than ever. Apple reports that it has currently 660 million active subscribers for its subscription-based services such as Apple Music, Podcast, and Apple Fitness+.