San Francisco: Apple said Tuesday the advantage in the new quarter ended almost doubled in the midst of increasing consumer spending and “a sense of growing optimism” as a locking pandemic locking.
Giant Giant California’s advantage rose to $ 21.7 billion in the growth of iPhone sales and digital services that were increasingly important.
Revenue jumped 36 percent from last year to $ 81.4 billion, the best for the third quarter of fiscal technology Tech.
“This quarter saw a sense of optimism that developed for consumers in the United States and around the world, encouraging new hopes for a better future,” said Chief Executive Tim Cook.
“We are very humble that our technology continues to play a key role in keeping our customers connected.” Cook said pandemic locking easing helped increase consumer spending in many parts of the world, with Apple benefiting from it.
He stated that Apple could continue to grow because consumers searched for new devices for the Superfast 5G wireless network.
“We are only in the initial 5G round, but the extraordinary performance and speed has made a significant impact on how people can get the most out of our technology,” he said.
“Customers like the iPhone 12 for the speed of 5G superfast.” Apple shares are slightly changed in after-sales trade after the results, which are stronger than the most camyera.
Income from iPhone sales jumped around 50 percent and posted an increase in services such as digital payments, music, television streaming and games.
The results come with Apple and other technology giants faced by high pressure from opponents of antitrust throughout the world for their dominance to the main economic sector, which has increased during a pandemic.
Scott Kessler from the third Bridge research company said Apple could maintain its momentum despite the shortcomings of global semiconductors, and maintain their growth in services, which have been important in diversifying their income flow.
Chip deficiency “does not seem to affect iPhone sales, which rose 50 percent,” Kessler said in a research record.
“The main theme for companies over the past few years is the emergence of relevant service offers and income.
Services contribute more than 20 percent of income and have become a consistent source of growth.” Daniel Ives at Wedbush Securities said Apple sent stronger results than expected which must help increase stock prices.
“Overall we will characterize this as a ‘gold medal’ performance by Apple during the quarter especially when considering the lack of overhang chip,” said Ives in the notes to the client.
“We basically saw this quarter as the second half and early stretch behind Supercycle 5G and the quarter ‘Drop Mic’ for Apple.” Ives said Apple showed strength in improving its services and managing global growth including in China.
“While the lack of chips is Overhang for Apple during the quarter, we believe the power of the iPhone and services in the quarter neutralize all the short-term weaknesses expected by the road three months ago,” he said.
Apple profit almost doubled because Covid Lockdown subsided
