2021-07-28 18:29
Technology
Alex Lowe

Apple reports its 2021 Q3 earnings, with over $20 billion in profit

Apple reports its 2021 Q3 earnings, with over $20 billion in profit

This week, Apple has announced its Q3 earnings for 2021 with details on company profits, revenue and more. During the third quarter Apple had revenue figures of $81.4 billion with profits of $21.7 billion.

For this past quarter, Apple has archived an all time high for its services revenue, which hit $17.5 billion and covers all of Apple subscriptions and other services, with the App Store, Apple Music, Apple Pay, Apple TV+ and more. Services in Q2 2021 were $16.9 billion. Apple now has 700 million paid subscriptions.

In other areas, Apple has seen a large surge of sales for iPad and Mac in this quarter. Mac sales hit $8.8 billion in revenue in Q3, compared to a year ago which was $6.5 billion. iPad is at $7.4 billion, a year ago was $6.6 billion.

Lastly comes iPhone, which Apple has seen “strong double digit growth” from in the last quarter, mainly from customers upgradng from an older phone or even swapping from an Android phone to iPhone. During this quarter, the iPhone sales brought in $39.6 billion in revenue.

Alex Lowe

Apple reports its 2021 Q3 earnings, with over $20 billion in profit

Alex Lowe is the owner and editor of the interface and started the website in 2013. He publishes the majority of the content on the website, hosts the three podcasts and the runs the YouTube channels. Alex has a professional background in computer networking, FWA and WiFi.

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