Apple Made $89.5 Billion Last Quarter As Demand For iPhone, iPad and Macs Soar

Apple has reported a revenue of $89.5 billion in its 2021 fiscal second-quarter that went on from January to March.?

Reuters

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The sales were 54 percent higher compared to the same period last year. Reports highlight that these numbers were significantly higher than what Wall Street analysts had expected.?

This quarter saw double-digit growth in all of Apple’s product categories. iPhones for example were up 65.5 percent from the same quarter last year. Mac and iPads too sold like hotcakes this year, going up 70.1 percent and 79 percent respectively.

This quarter was special as it was the first quarter after the pandemic when Apple’s? 270 physical stores in the United States were open to its customers.?

Surprisingly, even though this quarter was very positive, the revenue was slightly lower than what it experienced in its previous quarter where the Cupertino giant reported a revenue of over $100 billion in sales. This was also the first time Apple crossed the $100 billion mark in the quarter.?

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Tim Cook said in a statement, “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.”?

He added, “Apple is in a period of sweeping innovation across our product lineup, and we’re keeping the 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.”

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Reuters

Analysts have predicted that the Cupertino giant could make $68.67 billion in revenue for Q3 that will run from April to June this year. Apple has already announced a slew of new devices including a new iPad with M1 chip, AirTags, a newer AppleTV and the new colourful iMacs powered by the M1 chips.