Apple, which managed to increase its revenues during the pandemic period, is experiencing its golden age. The US tech giant, whose biggest problem has become caught up with rising demand, is setting record highs almost every year. The company, which generated $100 billion in revenue last quarter, has now set a new record for profitability.
According to its second-quarter financial reports, the company managed to increase its earnings from products such as iPhones, iPad, and iMacs by 110 percent compared to the same period last year.
Apple made $89.6 billion in 3 months
Announcing its new financial activity reports, the company announced that it would be announcing its 2nd quarter of the year. revenue of $89.6 billion in the quarter. The tech giant grew 54 percent from the same period last year and managed to increase its profitability by 110 percent to $23.6 billion. Apple, which is in its golden era, has almost doubled its revenues on almost every product, from smartphones to tablets.
The company saw a big increase in iPhone sales and managed to sell 50 percent more phones than in the previous period. The US tech giant made $48 billion from smartphones during that period. Apple has not disclosed exactly how many models it has sold. But most of the sales are thought to come from the iPhone 12 family.
Changing needs due to the pandemic has also led to increased interest in tablets and computers. Apple increased revenue from iPad sales by 78 percent to $7.8 billion, while iMac sales rose 70 percent to $9.1 billion over the same period. 50 percent of sales were made to first-time users.
Continuing its rise in hardware as well as software, the company increased its earnings from services by 25 percent. That brings Apple’s earnings from services such as Arcaide and Music to $16.9 billion.