Apple reports second quarter financial results with $89.6 billion in revenue

Apple has announced its second fiscal quarter financial results for 2021. The quarter brought a March record quarter revenue of $89.6 billion, a spike by 54 percent year-over-year, and a profit of $23.5 billion. International sales accounted for 67 percent of the revenue, with Services and Mac revenue reaching an all-time high.

Apple’s CFO Luca Maestri said:

We are proud of our March quarter performance, which included revenue records in each of our geographic segments and strong double-digit growth in each of our product categories, driving our installed base of active devices to an all-time high.

Apple’s CEO Tim Cook said:

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. Apple is in a period of sweeping innovation across our product lineup, and we’re keeping focus on how we can help our teams and the communities where we work emerge from this pandemic into a better world. That certainly begins with products like the all-new iMac and iPad Pro, but it extends to efforts like the 8 gigawatts of new clean energy we’ll help bring onto the grid and our $430 billion investment in the United States over the next 5 years.

Apple’s board of directors declared a cash dividend of $0.22 per share of the company’s common stock, up from $0.205 per share. It’s payable on May 13 to shareholders of record as of May 10. The board has also authorized an increase of $90 billion to the existing share repurchase program.