Apple's Earnings Soar... 36% Increase in Revenue, 50% Rise in iPhone Sales Revenue

[Image source=Yonhap News]

[Asia Economy Reporter Kim Suhwan] Apple, the iPhone manufacturer, reported a 36% increase in second-quarter sales compared to the same period last year, significantly surpassing Wall Street's market expectations.

On the 27th (local time), Apple announced its second-quarter (Apple's own third quarter) earnings reflecting this information.

Apple's total revenue reached $81.41 billion (approximately 94 trillion KRW), exceeding Wall Street's estimate of $73.3 billion (approximately 85 trillion KRW). Earnings per share recorded $1.30, greatly surpassing the forecast of $1.01.

The operating profit margin was 43.3%.

This sharp increase in sales was influenced by a substantial rise in sales of key product lines such as the iPhone.

iPhone sales amounted to $39.57 billion (approximately 46 trillion KRW), marking a 49.8% increase compared to the same period last year. Wall Street's estimate was $34 billion.

In addition, sales of iPad ($7.37 billion) and Mac product lines ($8.24 billion) also rose by 12% and 16% respectively compared to the previous year, driving Apple's earnings growth.

CNBC reported, "With remote work and distance learning continuing, Apple appears to have benefited from a positive spillover effect."

This content was produced with the assistance of AI translation services.