Dealing with uncharted waters, Apple studies 54% year-over-year income enhance

A casually dressed stands in a green field.

Apple CEO Tim Cook dinner asserting new merchandise within the firm’s April 20, 2021, livestream. (credit score: Nathan Mattise)

Apple launched its Q2 2021 earnings report back to traders at present after the bell, and it was one other big 12 months—so big, actually, that traders are involved it isn’t sustainable because the world enters a brand new, later section of the pandemic.

Income for the quarter was $89.58 billion, a file for the March quarter, and up 54 p.c year-over-year. The quantity surpassed traders’ and analysts’ predictions and expectations main as much as the report. Gross margin was 42.5 p.c.

Apple reported double-digit progress in each product class. Mac and iPad income had been up 70.1 p.c and 78.9 p.c from final 12 months ($9.10 billion and $7.eight billion, respectively), and the iPhone was up 65.5 p.c (to $47.94 billion). Each Apple CEO Tim Cook dinner and analysts have referred to as the iPhone 12 launch a “tremendous cycle,” during which adoption, upgrades, and gross sales are notably robust resulting from numerous components.

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