Apple’s Quarterly Profits Increase To $23.6bn

Apple recently presented its report for the second quarter of the financial year, from January to March. And the numbers give a pleasant reading for the company shareholders and other well-wishers.
Income for the quarter was $89.6bn. That is an increase of 54% in comparison to the same time in the past year.
Meanwhile, the net profit was $23.6bn. That is more than double the profit Apple reported.

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Income from just iPhone and Mac increased by 65% and 70% respectively. Everyone expected good results from the iPhones but Mac is performing great as well. As Jason Snell notes, this was its best-ever quarter and the three most recent quarters that topped of all time.

Apple CEO Tim Cook said: “We are proud of our March quarter performance. Which included revenue records in each of our geographic segments. And strong double-digit growth in each of our product categories. Driving our installed base of active devices to an all-time high.”

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“These results allowed us to generate operating cash flow of $24 billion and return nearly $23 billion to shareholders during the quarter. We are confident in our future and continue to make significant investments to support our long-term plans and enrich our customers’ lives.”

The iPhone 12 is the first model that connects to 5G wireless networks and ensures higher speeds. Apple is trying to boost sales more during the current quarter with a new purple iPhone 12.
Apple other products and service. It has music and TV streaming services just announced a new key- and a backpack-tracking device called AirTags. Even and computers and tablets — are also growing.

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Mac sales rose 70% to $9.1 billion, an income record for the company, and iPad sales escalated 79% to $7.8 billion.