The world’s largest company delivered commensurate results for the quarter ending June 30, with a net income of $21.7 billion on revenues of $81.4 billion. It was another record quarter for Apple.
“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,” Apple CEO Tim Cook said. “We’re continuing to press forward in our work to infuse everything we make with the values that define us — by inspiring a new generation of developers to learn to code, moving closer to our 2030 environment goal, and engaging in the urgent work of building a more equitable future.”
The iPhone was once again Apple’s biggest business, with revenues of $35.9 billion, so 49 percent of the firm’s revenues come from this one product. Services were Apple’s second-biggest business, with revenues of $17.5 billion, a new record, and a huge improvement over the $13 billion it delivered a year earlier.
Wearables, Home, and Accessories came in third with $8.7 billion in revenues, while the Mac hit $8.2 billion, and the iPad delivered $7.4 billion. All of Apple’s businesses experienced strong YOY revenue growth.
“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,” Apple CFO Luca Maestri said. “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.”