A chip scarcity can’t cease Apple—the corporate on Tuesday revealed one other monster earnings report for the third quarter of 2021. Apple introduced in a file $81.4 billion in income for 36 p.c year-over-year progress.
The $17.5 billion introduced in by Apple’s Providers (which incorporates Apple TV+, Apple Music, Apple Information+, iCloud, and others) is a brand new all-time file, up from $16.9 billion within the earlier quarter. iPhone income accounted for 49 p.c of Apple’s complete Q3 income. The Mac and iPad’s income have been new information for the June quarter—the previous 4 quarters for the Mac have been the perfect ever. Here’s a breakdown of every product class with the corresponding year-over-year progress:
- iPhone: $39.6 billion (50%)
- Mac: $8.2 billion (16%)
- iPad: $7.4 billion (12%)
- Wearables, Residence and Equipment: $8.8 billion (36%)
- Providers: $17.5 billion (33%)
Whereas each product class noticed enchancment over the identical quarter in 2020, iPhone gross sales have been a bit down in comparison with the earlier quarter ($47.9 billion). This isn’t uncommon since customers typically determine to attend for the brand new iPhone launch throughout This autumn. On the Q2 outcomes announcement final April, CFO Luca Maestri mentioned that Apple anticipated sturdy double-digit progress however a sequential income decline from the March quarter because of provide constraints and different elements.
“This quarter, our groups constructed on a interval of unmatched innovation by sharing highly effective new merchandise with our customers, at a time when utilizing know-how to attach folks all over the place has by no means been extra necessary,” mentioned Apple CEO Tim Cook dinner in a press launch. “We’re persevering with to press ahead in our work to infuse every little thing we make with the values that outline us—by inspiring a brand new era of builders to study to code, shifting nearer to our 2030 atmosphere aim, and fascinating within the pressing work of constructing a extra equitable future.”
Apple didn’t present income steerage for the fourth quarter. Maestri acknowledged that Apple expects This autumn income progress to be decrease than Q3 because of a overseas alternate of three factors, a slowdown in Providers, and provide constraints that may influence iPhone and iPad manufacturing. Apple does anticipate double-digit This autumn progress in all its product classes.
Roman has lined know-how because the early Nineties. His profession began at MacUser, and he is labored for MacAddict, Mac|Life, and TechTV.