Apple earnings show growth in all categories

Apple announced its fiscal 2021 second quarter ended March 27, 2021. The company posted a March quarter record revenue of $89.6 billion, up 54 percent year over year, and quarterly earnings per diluted share of $1.40. International sales accounted for 67 percent of the quarter’s 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.”

The company posted high double-digit growth for all of its product categories, with iPhone, Mac and iPad standing out with 66, 70 and 79 percent year-over-year growth, respectively. While iPhone sales were driven by strong demand in China and the popularity of the re-designed iPhone 12, both Mac and iPad sales were powered by the pandemic-induced working-from-home trend and new models introduced in the fall, the company said.