Apple Reports Third Quarter Results – Revenue Up 36% YoY


    Apple Inc.
     reported its third-quarter results of 2021 earlier today, which ended June 26. The Cupertino giant has posted $81.4 billion in revenue, reporting a 36% year-over-year (YoY) growth.

    This quarter, the Cupertino giant reported a net quarterly profit of $21.7 billion compared to $59.7 billion compared to $59.7 billion and a net quarterly profit of $11.25 billion in Q3 2020. Apple announced a quarterly dividend payment of $0.22 per share to shareholders of record as of August 9, 2021, payable on August 12.

    “Our record June quarter operating performance included new revenue records in each of our geographic segments, double-digit growth in each of our product categories, and a new all-time high for our installed base of active devices,” said Luca Maestri, Apple’s CFO. “We generated $21 billion of operating cash flow, returned nearly $29 billion to our shareholders during the quarter, and continued to make significant investments across our business to support our long-term growth plans.”

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    Total revenue of $39.57 billion comes from iPhones, followed by Mac, accounting for $8.24 billion. Meanwhile, iPads contributed $7.37 billion, constituting almost 9% of the Cupertino giant’s total revenue. Then, Wearables, Home and Accessories accounted for around 10% of revenue with a sales revenue of $8.77 billion. The wearables witnessed a 40% growth YoY while iPhones posted a 50% growth compared to last year.

    • Phone: $39.57 billion
    • Services: $17.49 billion 
    • Mac: $8.24 billion 
    • Wearables, Home, and Accessories: $8.77 billion
    • iPad: $7.37 billion

    “This quarter, our teams built on a period of unmatched innovation by sharing powerful new products with our users, at a time when using technology to connect people everywhere has never been more important,” said Tim Cook, Apple’s CEO. “We’re continuing to press forward in our work to infuse everything we make with the values that define us — by inspiring a new generation of developers to learn to code, moving closer to our 2030 environment goal, and engaging in the urgent work of building a more equitable future.”

    Apple executives also warned investors that the supply chain delays could affect revenue for the next quarter, especially with iPhones and iPads. “The supply constraints that we’ve seen in the June quarter will be higher in the September quarter,” said Luca Maestri.

    Again, Apple hasn’t issued any guidance since the pandemic has made it difficult to make any predictions. This

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