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Mar 27, 2021
Apple Q2 2021 Earnings Report
Apple's Q2 2021 results were driven by strong growth across all product categories and geographic segments, leading to a new March quarter revenue record.
Key Takeaways
Apple announced record-breaking Q2 2021 financial results, with revenue up 54% year-over-year to $89.6 billion and earnings per diluted share of $1.40. The company saw strong performance across all geographic segments and product categories, with international sales accounting for 67% of the quarter's revenue.
Revenue reached a new March quarter record of $89.6 billion, a 54% increase year-over-year.
Earnings per diluted share were $1.40 for the quarter.
International sales accounted for 67% of the quarter’s revenue.
The board declared a cash dividend of $0.22 per share, a 7% increase, and authorized an additional $90 billion for the share repurchase program.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
The press release contains forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include without limitation those about the Company’s expectations regarding the impact of the COVID-19 pandemic; anticipated revenue, gross margin, operating expenses, other income/(expense), and tax rate; plans for return of capital; our goal of maintaining a net cash neutral position; and our investment plans and environmental initiatives.
Positive Outlook
- Company’s expectations regarding the impact of the COVID-19 pandemic
- Anticipated revenue
- Gross margin
- Operating expenses
- Plans for return of capital
Challenges Ahead
- Effect of the COVID-19 pandemic on the Company’s business, results of operations, financial condition, and stock price
- Effect of global and regional economic conditions on the Company’s business
- Ability of the Company to compete in markets that are highly competitive and subject to rapid technological change
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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