Apple’s revenue for the second quarter of the fiscal year, which ended March 27, 2021, grew by 53.7% in annual terms – to $ 89.6 billion, according to the company report.
More than half of the company’s quarterly revenue came from iPhone sales. During this period, they grew by 65.5% compared to the same period last year and amounted to $ 47.9 billion. Mac sales also increased by 70% – to $ 9.1 billion, iPad sales amounted to $ 7.8 billion, an increase of 78. 9%, revenue from the sale of devices and accessories – $ 7.8 billion (+ 25% in annual terms). Apple’s online services – App Store, Apple Music, and others – brought in $ 16.9 billion in revenue for the quarter, up 26.7% over the same period last year.
The company’s net profit amounted to $ 23.6 billion against $ 11.2 billion a year earlier, the report says. Amid the positive results, Apple said it would increase its dividend by 7% to $ 0.22 per share and approve a $ 90 billion share buyback. Last year, Apple announced a $ 50 billion share buyback and $ 75 billion in 2019.
On April 26, Apple announced plans to invest $ 430 billion in the US economy over five years. The company invests in the procurement of components from American suppliers, data centers, the development of 5G technologies and other projects. Apple also plans to create 20,000 more jobs in the United States.
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