Apple released its third-quarter financial report: revenue of $81.4 billion, an increase of 36% year-on-year

Apple today released its third-quarter financial report. The financial report showed that Apple’s revenue was $81.4 billion, a year-on-year increase of 36%.

Apple's third-quarter revenue and earnings per share exceeded Wall Street analysts' previous expectations, but its stock price still fell slightly after the market.

Apple’s board of directors announced that it will pay a cash dividend of US$0.22 per share to the company’s common shareholders. The dividend will be paid on August 12, 2021 to shareholders of record as of the end of business hours on August 9, 2021.

Detailed performance:

In the third fiscal quarter ending June 26, 2021, Apple’s net profit was 21.744 billion US dollars, an increase of 93% compared to the same period last year; diluted earnings per share was 1.30 US dollars, an increase of 100% compared to the same period last year . In the third quarter of fiscal 2020, Apple's net profit was 11.253 billion U.S. dollars, and its diluted earnings per share was 0.65 U.S. dollars.

Apple’s third-quarter operating profit was 24.126 billion U.S. dollars, compared with 13.091 billion U.S. dollars in the same period last year.

Apple's third-quarter net revenue was US$81.434 billion, an increase of 36% compared with the US$59.685 billion in the same period last year.

Apple's third-quarter revenue and earnings per share exceeded Wall Street analysts' expectations. According to data provided by the Yahoo Finance Channel, 28 analysts had previously expected Apple’s third-quarter earnings per share to reach US$1, and 25 analysts on average expected revenue to reach US$72.93 billion.

Divided by region:

Apple’s third-quarter net revenue in the Americas was 35.87 billion U.S. dollars, compared with 27.018 billion U.S. dollars in the same period last year;

The European sector’s net revenue was US$18.943 billion, compared with US$14.173 billion in the same period last year;

Net revenue in Greater China was US$14.762 billion, compared with US$9.329 billion in the same period last year, a year-on-year increase of 58%;

Net revenue of the Japanese sector was US$6.464 billion, compared with US$4.966 billion in the same period last year;

Net revenue in the rest of the Asia-Pacific region was US$5.395 billion, compared with US$4.199 billion in the same period last year.

Divided by product:

Apple’s third-quarter net revenue from the iPhone was US$39.570 billion, compared with US$26.418 billion in the same period last year. According to financial market data information and data provided by infrastructure provider Refinitiv, analysts had expected Apple’s third-quarter net revenue from iPhone to reach 34.01 billion U.S. dollars;

Net revenue from Mac was US$8.235 billion, compared with US$7.079 billion in the same period last year. According to data provided by Refinitiv, analysts had expected Apple’s third-quarter net revenue from Mac to reach US$8.07 billion;

Net revenue from the iPad was US$7.368 billion, compared to US$6.582 billion in the same period last year. According to data provided by Refinitiv, analysts had expected Apple's third-quarter revenue from iPad to reach 7.15 billion U.S. dollars;

Net revenue from wearable devices, household products and accessories was US$8.775 billion, compared with US$6.450 billion in the same period last year. According to data provided by Refinitiv, analysts had expected Apple's third-quarter net revenue from wearable devices, household products and accessories to reach $7.80 billion;

Net revenue from services was 17.486 billion U.S. dollars, compared with 13.156 billion U.S. dollars in the same period last year. According to data provided by Refinitiv, analysts had expected Apple's third-quarter net revenue from services to reach 16.33 billion U.S. dollars.

Performance expectations:

Apple did not provide an outlook for the fourth quarter of fiscal 2021.

Capital return plan:

Apple’s board of directors announced that it will pay a cash dividend of US$0.22 per share to the company’s common shareholders. The dividend will be paid on August 12, 2021 to shareholders of record as of the end of business hours on August 9, 2021.

Photograpy: Wang Gang / Getty Images


Executive Comments:

Apple CEO Tim Cook said: "This quarter, our team has achieved an unparalleled innovation by sharing powerful new products with users. At this time, we are using technology to transform the world. It has never been more important for people to connect together. We are continuing to advance our work, injecting our inherent values ​​into everything we create-by inspiring a new generation of developers to learn to program, and move towards our 2030 environment Go ahead and participate in the urgent work of building a fairer future."

Apple’s Chief Financial Officer Luca Maestri said: “Our operating performance in this fiscal quarter has set a record, revenue in each region has reached new highs, and each product category has achieved With double-digit growth, the number of active equipment installed also hit a record high. We generated 21 billion US dollars in operating cash flow during this quarter, returned nearly 29 billion US dollars in cash to shareholders, and continued to be in our business Major investments within the scope to support our long-term growth plan."

Disclaimer: This article comes from the media and does not represent the views and positions of Tech News

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