Apple Delivers Blow Out Q2 Results
April 29, 2021
Revenue up 54 percent to new
March quarter record
The firm had EPS of $1.40 with only $0.99 expected. On their top line, revenue came in at $89.58 billion with $77.36 billion anticipated.
Apple chalked up a gross margin of 42.5% more than the 39.8% which was expected.
“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.”
are proud of our March quarter performance, which included revenue records in
each of our geographic segments and strong double-digit growth in each of our
product categories, driving our installed base of active devices to an all-time
high,” said Luca Maestri, Apple’s CFO. “These results allowed us to generate
operating cash flow of $24 billion and return nearly $23 billion to shareholders
during the quarter. We are confident in our future and continue to make
significant investments to support our long-term plans and enrich our customers’