Apple in a press release released its third-quarter results, with the iPhone 12 series sales figure making a large chunk of profits.
The Cupertino-based company financial results for its fiscal year 2021 third quarter ended June 26, 2021. The third quarter had record revenue of $81.4 billion, increasing 36% year over year. Profit stood at $21.7 billion that’s twice what the company made at the same time last year.
Out of its $81.4 billion revenue, Apple’s Products made $63.9 billion, and services completed with $17.4 billion.
The iPhone 12 series released last year had the highest sale of all products sold during the third quarter. Featuring a new, squared design, newer A14 processor, cameras, and 5G connectivity.
Despite the global pandemic, CEO Tim Cook said: “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.”
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Geographically, Apple made the most sales in the America continent at $35.8 billion. Followed by Europe at $18.9 billion, and thirdly Greater China at $14.7 billion.
Luca Maestri, Apple CFO reacted: “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.”
Shareholders will head to the bank happy. Apple paid nearly $29 billion to them during the quarter says Maestri. Apple would pay out a cash dividend of $0.22 per share to shareholders by August 12, 2021. Only to shareholders on record as of the close of business on August 9, 2021.
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