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Apple’s net profit for the second quarter of 2021 shows growth of 110% YoY

Apple has published another quarterly report. On its reporting calendar, March 27, 2021, the second quarter of the fiscal year 2021 ended.

The quarterly revenue was of the company was $ 89.584 billion, up 54% year over year. The compilers of the report clarify that two-thirds of the revenue comes from sales outside the United States.

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Operating profit was $ 27.503 billion. For comparison: a year ago it amounted to $ 12.853 billion. Net profit during this time increased from $ 11.249 to $ 23.630 billion, that is, by 110%.

“This quarter reflects both the unsurpassed relevance of our products, which have helped users to face this challenging life situation, and the optimism of consumers about the future,” said Tim Cook, Apple CEO.

He further says – 

“We are experiencing a period of unique innovation across our entire product line, continually focusing on how we can help our teams and the communities of which we are a part to emerge from the pandemic with honor and into a better tomorrow. This is reflected in everything we do, from all-new iMacs, iPad Pros, and initiatives such as 8 GW of new clean energy that we will help bring back into the energy chain, to our $ 430 billion investment in the U.S. economy over the next five years. “


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