Apple gets the reward from hard spending on Macs, apps and iPads while lockeddown, affiliated with people upgrading to 5G iPhones
Apple experienced strong sales for three months, thanks to people upgrading to the 5G iPhone, coupled with heavy consumer spending on its products throughout the Coronavirus pandemic.
Apple during the second quarter managed to double revenues, while revenues also rose an impressive 54 percent.
The fact that the iPhone maker continues to carry such huge amounts, allows it to continue spending heavily of late. This includes the formation of a $ 1 billion campus in North Carolina, on top of the new campus being built in Austin (Texas), but also promises to spend $ 430 billion in the U.S. over the next five years, which is expected to create 20,000 new jobs nationwide
It’s fair to say after a review of Apple’s quarterly results, the company is in rugged health indeed.
For the second quarter ending March 27, Apple posted a net income of $ 23.6bn, up from $ 11.2bn in the same quarter last year.
Meanwhile, revenues rose to $ 89.6bn from $ 58.3bn.
Digging into those figures, we see Apple benefiting from the advent of the 5G -equipped iPhone 12 product range, with iPhone sales just under $ 48 billion, up 66 percent since one year.
Appl Mac and iPad hardware sales also rose for another quarter, up 70 and 78 percent respectively. It partially continued working remotely from home due to lockdowns forced by the ongoing Coronavirus pandemic.
“This quarter reflects both the long -term ways our products have helped our users meet this moment in their own lives, as well as the positivity of consumers who seem to be feeling better these days. in the future for all of us, ”said Apple CEO Tim Cook.
“Apple is in a period of vast change in our product lineup, and we continue to focus on how we can help our teams and the communities where we work emerge from this pandemic into a better world, “said Cook.
“That certainly starts with products like the all new iMac and iPad Pro, but it extends to efforts like 8 gigawatts of new clean energy we are help with the grid and our $ 430 billion investment in the United States over the next 5 years. “
And it should be noted that these strong finances are not a fluke for Apple, and then a historic first quarter ending in December, which saw the company exceed $ 100 billion in revenue for the first time in its history.
Apple this week as well introduced its iOS 14.5 update, in the hope of campaigners to be a moment of water for online privacy.
The latest iOS update will require apps to ask for permission to track your online activity. If an app is launched on a device running iOS 14.5, a “App Tracking Transparency Label (ATT) the user should be displayed and asked if they agree to let the app track them on other companies’ apps and websites.