What can you say about Apple’s financial performance other than it is spectacular? Today the company reported a new record revenue for the March quarter. The report was highlighted by record revenues from both the Mac business unit and services. The Apple Q2 Financial Results for FY 2021 showed strength in almost every area of the company’s operations.
For the quarter ending March 27, 2021, revenues were $89.6 billion, up 54 percent year over year. Quarterly earnings per diluted share were $1.40. International sales accounted for 67 percent of revenue.
Apple Q2 Financial Results: Dividends and Share Repurchase Program
The board of directors declared a cash dividend of $0.22 per share on the company’s common stock. That’s an increase of 7 percent from last year. The dividend is payable on May 13 to shareholders of record as of close of business on May 10, 2021. The board also authorized an increase of $90 billion to the existing share repurchase program.
Tim Cook Press Statement
“This quarter reflects both the enduring ways our products have helped our users meet this moment in their own lives, as well as the optimism consumers seem to feel about better days ahead for all of us,” said Tim Cook, Apple’s CEO. “Apple is in a period of sweeping innovation across our product lineup, and we’re keeping focus on how we can help our teams and the communities where we work emerge from this pandemic into a better world. That certainly begins with products like the all-new iMac and iPad Pro, but it extends to efforts like the 8 gigawatts of new clean energy we’ll help bring onto the grid and our $430 billion investment in the United States over the next 5 years.”
“We are proud of our March quarter performance, which included revenue records in each of our geographic segments and strong double-digit growth in each of our product categories, driving our installed base of active devices to an all-time high,” said Luca Maestri, Apple’s CFO. “These results allowed us to generate operating cash flow of $24 billion and return nearly $23 billion to shareholders during the quarter. We are confident in our future and continue to make significant investments to support our long-term plans and enrich our customers’ lives.”https://www.apple.com/newsroom/2021/04/apple-reports-second-quarter-results/
A downloadable PDF of the company’s consolidated financial statements is available here. Apple Q2 financial results include breakdowns by product line.