Apple revenues reach record high of $89.6 billion for Q2 2021

Apple revenues reach record high of $89.6 billion for Q2 2021

American multinational technology major, Apple, has reported record revenues amounting to $89.6 billion for the second quarter of 2021. As per an official earnings report, this indicates a surge of 54 per cent year over year.

As per sources, all categories have reported sales growth as compared to the same period of 2020. Unsurprisingly, iPhone sales dominated Apple’s portfolio with $47 billion in sales for the second quarter of 2021. This is up from a value of $28 billion during the same period last year.

According to Apple CEO, Tim Cook, the standard iPhone 12 was the most popular model that was sold through the quarter, even though sales of the Pro version were also remarkable.

For the record, Apple has not unveiled anything coming down the line. But the tech major was optimistic regarding the new products that were revealed during the company’s recent Apple Spring Loaded event. These products comprise the new object-tracking Apple AirTags accessories, as well as the M1-powered iMac and iPad Pro.

The company will see as to how these affect the earnings numbers of Q3 2021. However, given the numbers that are presently seen, it is clear that sales of Apple don’t seem to have been limited by lockdown conditions and the COVID pandemic.

Other product families of the company have recorded an increase in sales, with services hitting $16.9 billion. This is up from a value of $13.3 billion in the same quarter in 2020. Similar growth has been registered for Mac and iPad.

It is to be noted that the last three quarters have been the best sales quarters ever for Macs. This is likely due to a realignment towards work from home for several of its consumers.

However, the effects of the pandemic continue to linger. These comprise supply issues which are persistent throughout the technology world. These will also impact Apple, with constraints anticipated to affect expected sales in Q3 2021 by up to $4 billion.

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Nandita Bhardwaj

Nandita holds a management degree with specialization in marketing, and boasts of a short-term experience in the field of recruitment. Following her passion for writing however, she decided to pursue a career in the field of content development. Presently, Nandita pens down news pieces for, spanning the verticals of business, finance, and technology.