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Apple reports Q3 record revenue

Xinhua | Updated: 2021-07-28 09:58
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People walk past an Apple retail store in New York City, on July 13, 2021. [Photo/Agencies]

SAN FRANCISCO - Apple on Tuesday announced financial results for its fiscal 2021 third quarter ended June 26, with a June quarter record revenue of $81.43 billion, up 36 percent year over year.

The company posted quarterly earnings per diluted share of $1.30, compared to $0.65 for the same period of fiscal 2020.

Its net income for the quarter increased to $21.744 billion from $11.253 billion a year ago.

Sales of iPhone amounted to $39.57 billion, up from $26.418 billion a year ago.

Its sales of Wearables, Home and Accessories products increased to $8.775 billion from $6.45 billion a year ago.

The services income reached $17.486 billion, compared to $13.156 billion the previous year.

Apple's net sales in the Greater China region increased to $14.762 billion from $9.329 billion a year ago, according to its financial statement.

"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.

"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.

"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," he added.

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 Aug 12, 2021, to shareholders of record as of the close of business on Aug 9, 2021, the company said.

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