Apple Reports 2Q 2021 Results: $23.6B Profit on $89.6B Revenue, Record Mac and Services Revenue

Apple today announced financial results for its second fiscal quarter of 2021, which corresponds to the first calendar quarter of the year. For the quarter, Apple posted revenue of $89.6 billion and net quarterly profit of $23.6 billion, or $1.40 per diluted share, compared to revenue of $58.3 billion and net quarterly profit of $11.2 […]

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Samsung’s profit jumps 44% in Q1 2021, thanks to strong Galaxy S21 sales

Samsung Electronics has announced its earnings guidance for Q1 2021, and it is all good news for the company. The South Korean firm said that its profit will see a considerable jump due to strong sales of its latest flagship smartphone, the Galaxy S21. The company’s semiconductor division saw a decline in profits, though. The […]

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Apple Saw Largest Number of iPhone Upgraders Ever in Q1 2021

The launch of the new iPhone 12 models that have all-OLED displays, edge-to-edge designs, 5G connectivity, and significant camera improvements, drove an increase in both switchers and upgraders year over year, Apple CEO Tim Cook said during today’s earnings call covering the first fiscal quarter of 2021. Cook said that while those switching over from […]

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Apple Says Record 2020 Mac Sales Attributed Primarily to MacBook Pro

Apple on Thursday reported its earnings for the fourth quarter of the 2020 fiscal year, including Mac revenue of $9 billion, a new quarterly record. Apple ended the year with annual Mac revenue of $28.6 billion, an all-time high. In its annual Form 10-K report [PDF], filed with the U.S. Securities and Exchange Commission today, […]

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Apple Working ‘Really, Really Hard’ to Remedy Supply Constraints on iPhones, Macs, iPads and Some Apple Watches

Multiple Apple products are seeing supply constraints, including the new iPhone 12 models, Macs, iPads, and some Apple Watch models. Apple CEO Tim Cook today told investors that Apple is “working really, really hard” to remedy the supply issues. If you look at iPhone, we’re constrained today. Not a surprise at the front end of […]

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Samsung expects a 58% profit jump now but it may be difficult to hold on to

Samsung released its earnings guidance for Q3 2020 today. The company is projecting revenues of 66 trillion Korean won or around $57 billion and 12.3 trillion won or around $10.6 billion in operating profit for the quarter. This will represent an impressive 58 percent increase in operating profit compared to the same period last year. […]

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Apple to Announce Q4 2020 Earnings on October 29

Apple today updated its investor relations page to announce that it will share its earnings results for the fourth fiscal quarter (third calendar quarter) of 2020 on Thursday, October 29. Fourth quarter earnings calls typically provide some insight into the early sales of new iPhones, but since this year’s iPhones have been delayed until October, […]

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Apple’s Services Segment Sees Double-Digit Growth in Q3 2020

Apple’s services category, which includes iTunes, the App Store, Mac App Store, Apple Music, Apple Pay, AppleCare, Apple TV+, Apple Arcade, and more, continues to see major growth each quarter. According to today’s earnings report covering the third fiscal quarter of 2020, Apple’s services segment brought in $13.2 billion, up nearly $2 billion from the […]

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Apple Reports 3Q 2020 Results: $11.25B Profit on $59.7B Revenue, 4-for-1 Stock Split Announced

Apple today announced financial results for the third fiscal quarter of 2020, which corresponds to the second calendar quarter of the year. For the quarter, Apple posted revenue of $59.7 billion and net quarterly profit of $11.25 billion, or $2.58 per diluted share, compared to revenue of $53.8 billion and net quarterly profit of $10.0 […]

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Apple Reports 2Q 2020 Results: $11.2B Profit on $58.3B Revenue, All-Time Record for Services Revenue

Apple today announced financial results for the second fiscal quarter of 2020, which corresponds to the first calendar quarter of the year. For the quarter, Apple posted revenue of $58.3 billion and net quarterly profit of $11.2 billion, or $2.55 per diluted share, compared to revenue of $58.0 billion and net quarterly profit of $11.6 […]

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Samsung profits decline 53% in 2019, improvement likely this year

The earnings estimate that Samsung released three weeks ago for the fourth quarter of last year showed that the company’s 2019 full-year profit would decline a whopping 53 percent compared to 2018. That was confirmed today when Samsung published its full earnings report for Q4 2019 and the fiscal year 2019.Samsung reported revenues of 230.40 […]

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Apple Limiting Employee Travel to China Amid Coronavirus Outbreak, Working to Avoid Supply Shortages

During today’s earnings call, Apple CEO Tim Cook commented on the coronavirus outbreak in China, which investors fear could potentially impact Apple’s business, affecting production of both current iPhones and the new low-cost iPhone that’s on the horizon.Cook said that Apple is donating to China to help with the outbreak and working with partner companies. […]

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Apple’s Services Revenue Hits New All-Time High of $12.7 Billion in Q1 2020

Apple’s services category, which includes iTunes, the App Store, the Mac App Store, Apple Music, Apple Pay, AppleCare, Apple TV+, Apple Arcade, and more, has become a significant revenue driver for Apple.In the first fiscal quarter of 2019, Apple’s services segment brought in $12.7 billion, up from $10.9 billion in the year-ago quarter, marking growth […]

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Apple’s Wearables Category Sets All-Time Revenue Record in Q1 2020, Surpassing Mac for the First Time

During the first quarter of 2020, Apple’s wearables category set a new all-time revenue record, according to Apple CEO Tim Cook.Apple’s wearables earnings category, which includes AirPods and Apple Watch along with accessories like Beats headphones and HomePod, hit $10 billion, up from $7.3 billion in the year-ago quarter. Wearables, Home, and Accessories revenue surpassed […]

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