Apple revenue surges 54% to $89.6 bn in March quarter

Apple revealed revenue of $89.6 billion, up 54 percent year over year, and quarterly earnings per diluted share of $1.40, for its fiscal 2021 second quarter ended March 27, 2021.
Apple online storeInternational sales accounted for 67 percent of the quarter’s revenue.

“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.

Research firm Canalys estimates that Apple shipped 52.4 million iPhones, to take a 15 percent share. Its iPhone 12 Mini has sold below expectations, but strength in other iPhone 12 models, as well as stronger demand for the older iPhone 11, helped it maintain strong momentum.

Samsung took first place in the global smartphone market, shipping 76.5 million to take a 22 percent share.

Apple generated sales of $47.938 billion from iPhone business in March quarter as compared with $28.962 billion in the same quarter previous year.

Mac business generated revenue of $9.102 billion vs $5.351 billion.

iPad business generated revenue of $7.807 billion vs $4.368 billion.

Wearables, Home and Accessories business generated revenue of $7.836 billion vs $6.284 billion.

Apple’s Services business generated revenue of $16.901 billion vs $13.348 billion.

Apple generated $34.306 billion from Americas, $22.264 billion from Europe, $17.728 billion from Greater China, $7.742 billion from Japan and $7.544 billion from Rest of Asia Pacific during the March quarter.

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