Apple second-quarter earnings increased 36 percent compared to the same period last year. Apple recorded its biggest sales in the second quarter, surpassing Wall Street’s market forecast.
Apple’s total earnings amounted to $81.41 billion, surpassing its Wall Street estimate of $73.3 billion. Net earnings per share hit $1.30, far above the forecast of $1.01.
Its operating profit ratio was 43.3%.
Such a surge in sales has been attributed to a sharp increase in sales of major products such as iPhones.
Sales of iPhones reached $39.57 billion, up 49.8% from the same period last year.
In addition, earnings of iPads (7.37 billion dollars) and Mac (8.24 billion dollars) also increased 12% and 16% respectively from a year earlier, driving Apple’s performance to rise.
Earnings in the service sector, which includes Apple Music, Cloud, advertising business, and payment fees, also rose 33 percent year-on-year to $17.48 billion.
Apple said the number of paid subscribers currently registered with its service increased by 150 million to 700 million compared to the same period last year. This figure also includes the number of users who regularly subscribe to paid applications.
Apple said its sales in the Chinese region, including Taiwan and Hong Kong, reached $14.76 billion, up 58 percent year-on-year, up 58 percent year-on-year. However, some analysts say that the base effect was partially reflected in the fact that containment measures were being implemented in China last year due to the spread of COVID19.
Apple also reported that sales in North America rose 33 percent year-on-year to $39.57 billion.
Although the second quarter is generally known as an off-season, Apple’s performance exceeded expectations in this earnings announcement.
However, it is heard that supply difficulties of semiconductors had a negative impact on sales of MacBooks and iPads. The supply shortage of semiconductors also affected the sales of Mac and iPad products, Tim Cook said. They were able to mitigate the damage caused by the supply shortage and recorded the lowest level of losses in the range they originally expected.
Apple said it would pay shareholders a dividend of $0.22 a share.
Meanwhile, Apple also said it would delay its return to office from September to October, as the Delta virus has been spreading and extended telecommuting in the industry.
