Earnings up 54 percent to new March quarter account
Services and Mac earnings reach new all-time high
Cupertino, California – WEBWIRE – Wednesday, April 28, 2021
Apple on the contemporary time launched financial outcomes for its fiscal 2021 second quarter ended March 27, 2021. The Firm posted a March quarter account earnings of $89.6 billion, up 54 percent one year over one year, and quarterly earnings per diluted a part of $1.40. International sales accounted for 67 percent of the quarter?s earnings.
?This quarter displays every the enduring strategies our merchandise beget helped our users meet this second of their very beget lives, to boot to the optimism shoppers seem to feel about better days forward for all of us,? stated Tim Cook, Apple?s CEO. ?Apple is in a interval of sweeping innovation across our product lineup, and we?re protecting focal point on how we can aid our teams and the communities where we work emerge from this pandemic actual into a better world. That completely begins with merchandise esteem the all-new iMac and iPad First price, on the other hand it extends to efforts esteem the 8 gigawatts of recent aesthetic vitality we?ll aid dispute onto the grid and our $430 billion investment in the united states over the next 5 years.?
?We’re proud of our March quarter efficiency, which included earnings facts in every of our geographic segments and solid double-digit development in every of our product courses, using our installed imperfect of filled with life devices to an all-time high,? stated Luca Maestri, Apple?s CFO. ?These outcomes allowed us to generate working money waft of $24 billion and return nearly $23 billion to shareholders sometime of the quarter. We’re assured in our future and continue to plot essential investments to enhance our long-term plans and enrich our prospects? lives.?
Apple?s board of directors has declared a money dividend of $0.22 per a part of the Firm?s long-established stock, an plot bigger of 7 percent. The dividend is payable on Would possibly perhaps perhaps well merely 13, 2021 to shareholders of account as of the discontinuance of enterprise on Would possibly perhaps perhaps well merely 10, 2021. The board of directors has furthermore licensed an plot bigger of $90 billion to the contemporary part repurchase program.
Apple will provide dwell streaming of its Q2 2021 financial outcomes convention call origin at 2: 00 p.m. PT on April 28, 2021 at apple.com/investor/earnings-call. This webcast will furthermore be readily accessible for replay for roughly two weeks thereafter.
Apple periodically gives facts for investors on its corporate internet build, apple.com, and its investor family members internet build, investor.apple.com. This entails press releases and numerous facts about financial efficiency, reports filed or furnished with the SEC, facts on corporate governance, and principal substances related to its annual meeting of shareholders.
Consolidated Monetary Statements
This press liberate contains forward-looking out statements, all around the which manner of the Non-public Securities Litigation Reform Act of 1995. These forward-looking out statements encompass with out limitation those about the Firm?s expectations concerning the impact of the COVID-19 pandemic; anticipated earnings, imperfect margin, working charges, numerous income/(expense), and tax price; plans for return of capital; our purpose of putting forward a salvage money fair problem; and our investment plans and environmental initiatives. These statements involve dangers and uncertainties, and staunch outcomes can also merely fluctuate materially from any future outcomes expressed or implied by the forward-looking out statements. Risks and uncertainties encompass with out limitation: the cease of the COVID-19 pandemic on the Firm?s enterprise, outcomes of operations, financial condition, and stock build; the cease of world and regional economic stipulations on the Firm?s enterprise, including outcomes on procuring selections by shoppers and corporations; the ability of the Firm to compete in markets which would possibly perhaps perhaps be extremely competitive and discipline to rapidly technological substitute; the ability of the Firm to manage frequent introductions and transitions of merchandise and products and services, including handing over to the marketplace, and stimulating buyer question of for, new merchandise, products and services, and technological improvements on a smartly timed basis; the cease that shifts in the combo of merchandise and products and services and in the geographic, currency, or channel mix, inform price will enhance, will enhance in the payment of acquiring and handing over relate material for the Firm?s products and services, build lowering war, or the introduction of recent products and services or merchandise, including new products and services or merchandise with better price structures, would possibly perhaps perhaps beget on the Firm?s imperfect margin; the dependency of the Firm on the efficiency of distributors of the Firm?s merchandise, including cell community carriers and numerous resellers; the risk of write-downs on the payment of stock and numerous sources and pick dedication cancellation risk; the persevered availability on acceptable phrases, or in any recognize, of certain substances, products and services, and new technologies essential to the Firm?s enterprise, including substances and technologies that can even merely most attention-grabbing be readily accessible from single or restricted sources; the dependency of the Firm on manufacturing and logistics products and services supplied by third events, many of that are situated out of doors of the US and that would have an effect on the everyday, amount, or price of merchandise manufactured or products and services rendered to the Firm; the cease of product and products and services carry out and manufacturing defects on the Firm?s financial efficiency and recognition; the dependency of the Firm on third-earn together psychological property and digital relate material, that is no longer be readily accessible to the Firm on commercially inexpensive phrases or in any recognize; the dependency of the Firm on increase from third-earn together tool builders to carry out and retain tool applications and products and services for the Firm?s merchandise; the impact of rotten acceptable lawsuits or authorities investigations; the impact of advanced and changing regulations and regulations worldwide, which repeat the Firm to likely liabilities, increased costs, and numerous negative outcomes on the Firm?s enterprise; the ability of the Firm to manage dangers related with the Firm?s retail stores; the ability of the Firm to manage dangers related with the Firm?s investments in new enterprise strategies and acquisitions; the impact on the Firm?s enterprise and recognition from facts know-how machine screw ups, community disruptions, or losses or unauthorized access to, or liberate of, confidential facts; the ability of the Firm to conform with regulations and regulations concerning data protection; the persevered provider and availability of key executives and workers; political events, worldwide alternate disputes, battle, terrorism, pure failures, public smartly being concerns, and numerous enterprise interruptions that would disrupt provide or provide of, or question of for, the Firm?s merchandise; financial dangers, including dangers touching on to currency fluctuations, credit dangers, and fluctuations on the market price of the Firm?s investment portfolio; and adjustments in tax rates and exposure to extra tax liabilities. More facts on these dangers and numerous likely elements that would have an effect on the Firm?s enterprise and financial outcomes is included in the Firm?s filings with the SEC, including in the ?Chance Components? and ?Management?s Discussion and Diagnosis of Monetary Condition and Outcomes of Operations? sections of the Firm?s most no longer too long ago filed periodic reports on Build 10-Okay and Build 10-Q and subsequent filings. The Firm assumes no duty to update any forward-looking out statements or facts, which talk as of their respective dates.
Apple revolutionized deepest know-how with the introduction of the Macintosh in 1984. This day, Apple leads the enviornment in innovation with iPhone, iPad, Mac, Apple Sight, and Apple TV. Apple?s five tool platforms ? iOS, iPadOS, macOS, watchOS, and tvOS ? provide seamless experiences across all Apple devices and empower of us with step forward products and services including the App Retailer, Apple Song, Apple Pay, and iCloud. Apple?s bigger than 100,000 workers are dedicated to making basically the most attention-grabbing merchandise on earth, and to leaving the enviornment better than we realized it.
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