In what is typically one of its weakest quarters of growth in any given year, Apple today announced an almost 50% increase in year-over-year iPhone sales, among others. positive figures that exceeded analysts’ expectations. The numbers were released today as part of Apple’s quarterly earnings report.
Overall, Apple achieved revenue of $ 81.41 billion in the third quarter of 2021, up 36% year-over-year. IPhone revenues were $ 39.57 billion (up 49.78%) and services took in $ 17.48 billion (up 33%).
The Mac and iPad have also grown, but to a lesser extent. The Mac made $ 8.24 billion, up 16% from last year, while the iPad made $ 7.37 billion and 12%.
The other big number is Apple’s “other products” revenue, which mainly includes wearable devices like Apple Watch and AirPods. This category produced $ 8.77 billion, more than the Mac or iPad, for 40% year-over-year growth.
Analysts believe Apple’s continued rally can be attributed in part to the world’s focus on working from home and remote classrooms, which continued even as the global COVID-pandemic 19 has entered new phases in some areas.
For the sixth consecutive quarter, Apple has not provided any guidance for the next quarter. Typically, companies like Apple give investors a blanket prediction on their performance forecast for the next quarter, which is only just beginning when these earnings reports are released.
But Apple has refused to do so since the start of the pandemic, saying various factors related to it make reliable predictions about the future too difficult.
That said, Apple is expected to introduce several new products in the next quarter, including new iPhones. However, neither analysts nor Apple expect 2021 to be as big a year-over-year increase in iPhone sales as 2020, which was considered a “supercycle” year due to various factors. Additionally, Apple executives have warned that supply constraints on the iPhone and iPad could be an issue, which would impact the company’s results next quarter.
Other developments that could boost Apple’s revenue in the next quarter include a new Apple Watch, an updated version of AirPods, and high-performance Macs like the 16-inch MacBook Pro with an updated variant of the M1 chip custom designed by Apple.