Apple today announced financial results for its fiscal 2021 third quarter ended June 26, 2021. The Company posted a June quarter record revenue of $81.4 billion, up 36 percent year over year, and quarterly earnings per diluted share of $1.30.
“This quarter, our teams built on a period of unmatched innovation by sharing powerful new products with our users, at a time when using technology to connect people everywhere has never been more important,” said Tim Cook, Apple’s CEO, in a statement. “We’re continuing to press forward in our work to infuse everything we make with the values that define us — by inspiring a new generation of developers to learn to code, moving closer to our 2030 environment goal, and engaging in the urgent work of building a more equitable future.”
“Our record June quarter operating performance included new revenue records in each of our geographic segments, double-digit growth in each of our product categories, and a new all-time high for our installed base of active devices,” said Luca Maestri, Apple’s CFO, in a statement. “We generated $21 billion of operating cash flow, returned nearly $29 billion to our shareholders during the quarter, and continued to make significant investments across our business to support our long-term growth plans.”
Apple’s board of directors has declared a cash dividend of $0.22 per share of the Company’s common stock. The dividend is payable on August 12, 2021 to shareholders of record as of the close of business on August 9, 2021.
• Revenue: $81.4 billion
• EPS: $1.30
• iPhone revenue: $39.570 billion
• Services revenue: $17.486 billion
• Mac revenue: $8.235 billion
• Wearables, Home and Accessories: $8.775 billion
• iPad revenue: $7.368 billion
Here’s what Wall Street was expecting (via Refinitiv):
• Revenue: $73.30 billion
• EPS: $1.01
• iPhone revenue: $34.01 billion
• Services revenue: $16.33 billion
• Mac revenue: $8.07 billion
• Wearables, Home and Accessories: $7.80 billion
• iPad revenue: $7.15 billion
• Gross margin: 41.9% estimated
MacDailyNews Take: Supercycle!