In news that seems to defy all expectations, Apple reported a profit of $ 23.6 billion on revenue of $ 89.6 billion for the quarter ending March 27., doing the second trimester strongest vacation-free quarter on record. IPad sales increased 79% year over year. Mac sales were up to 70%. IPhone sales surged 65.5%. These are absolutely massive numbers, especially during an ongoing global pandemic that has helped supply chain constraints that have hurt the bottom lines of other tech companies, and I must ask: How many Apple products have you all bought ????
“This quarter reflects both the sustainable way our products have helped our users live this moment in their lives, as well as the optimism consumers seem to be feeling about better days for all of us,” said Tim Cook, Apple CEO, in the company income statement. “Apple is in a period of far-reaching innovation in our product line, and we remain focused on how we can help our teams and the communities in which we work to emerge from this pandemic into a better world.”
A few factors contributed to Apple’s successful quarter, which far exceeded analysts’ estimates. (Apple itself has not provided a revenue forecast since the start of the pandemic, citing the uncertainty created by covid-19.) The spike in iPad sales is particularly noticeable, but it It makes sense: more people are working, learning, and playing at home than they were in the January-March 2020 quarter, and the iPad is a perfect device for video calls and seizures. Netflix.
Cook said Mac’s impressive numbers were attributed to the M1, Apple’s first in-house processor for Mac (which has since been integrated into the iPad). The refreshed MacBook Air and 13in MacBook Pro are very impressive, so that makes sense.
But folks, we’ve been in the iPhone for 14 years now, and in the first three months of 2021, Apple sold for 48 billion dollars iPhones. How? ‘Or’ What? Why? Of course, the redesigned iPhone 12 lineup with 5G is convincing, especially in countries where 5G networks are fully developed, and sThe ales of the 12 Pro and 12 Pro Max were particularly strong, Cook said during the company’s earnings call. But the fact that the iPhone, which is the linchpin of Apple’s revenue (accounting for more than half of the company’s sales), still selling like hot cakes is just plain wild.
As Apple’s fortunes have grown throughout the pandemic, IYou may be surprised to learn that noot even Apple is immune to global conditions. Supply chain disruptions will affect the availability of the iPad and Mac in the coming months, Cook said. The new M1 iPads and the redesigned 24-inch iMac M1 will launch towards the end of May.