Apple won't be sharing revenue guidance for rest of the year, but we can always guess what it'll look like

Cupertino brought in more for Q2 than HPE did for all of 2020 so go figure

Apple is having one helluva pandemic. The world's most valuable tech brand last night reported stellar numbers for its Q2 of fiscal 2021 [PDF] ended 27 March, with revenue up 53 per cent to $89.584bn and profit more than doubling.

Give or take a billion or three, Apple made almost as much profit in the quarter – $23.63bn versus $11.249bn a year earlier – as some tech "giants" reported in sales for the whole of 2020. HPE springs to mind.

Every product division swelled in size, including the biggest: iPhones sales jumped 65 per cent year-on-year to $47.938bn. CEO Tim Cook said this was helped by the delayed launch of the iPhone 12, which came out in the quarter as opposed to the usual autumn timeframe.

Cook said Apple benefited from consumers switching to its mobile and from upgraders. "I think probably some portion of this was that people probably delayed purchasing in the – in the previous quarter as rumours started appearing about an iPhone."

The percentage growth was no doubt helped by a weaker comparison period a year ago when China was dealing with the outbreak of COVID-19 and was entering lockdown, which led to the closure of non-essential retail.

Mac sales jumped 70 per cent to $9.102bn and the iPad was up 24 per cent to $7.807bn, "reflecting the continuing role these devices have played in our users' lives during the COVID-19 pandemic," said the CEO. The iPad Air and Macs containing the M1 chip started to ship in the quarter. Apple CFO Luca Maestri said "around half" of these sales were to entirely new clients.

man talks into iphone: asks siri

Apple will wring out $18bn by upselling NAND to fanbois – analyst


Wearables, Home and Accessories grew to $7.836bn from $6.284bn in the prior quarter. This was due to "significant holiday demand," said Cook, and was led by the Watch, AirPods, and the HomePod mini.

A big play for Apple is Services, and here the company reported turnover of $16.901bn, up from $13.348bn. This was the first quarter of Apple One, a bundle of services sold as a single subscription.

Cook said the Q2 results "caps off the most challenging year any of us can remember" but clearly one in which the organisation he runs was able to wring out even higher profits from an existing and expanding installed base.

Despite the big numbers in full affect in Q2, Maestri said: "Given the continued uncertainty around the world in the near term, we will not be guiding to a specific revenue range" for future quarters this year. ®

Similar topics

Other stories you might like

  • Verizon: Ransomware sees biggest jump in five years
    We're only here for DBIRs

    The cybersecurity landscape continues to expand and evolve rapidly, fueled in large part by the cat-and-mouse game between miscreants trying to get into corporate IT environments and those hired by enterprises and security vendors to keep them out.

    Despite all that, Verizon's annual security breach report is again showing that there are constants in the field, including that ransomware continues to be a fast-growing threat and that the "human element" still plays a central role in most security breaches, whether it's through social engineering, bad decisions, or similar.

    According to the US carrier's 2022 Data Breach Investigations Report (DBIR) released this week [PDF], ransomware accounted for 25 percent of the observed security incidents that occurred between November 1, 2020, and October 31, 2021, and was present in 70 percent of all malware infections. Ransomware outbreaks increased 13 percent year-over-year, a larger increase than the previous five years combined.

    Continue reading
  • Slack-for-engineers Mattermost on open source and data sovereignty
    Control and access are becoming a hot button for orgs

    Interview "It's our data, it's our intellectual property. Being able to migrate it out those systems is near impossible... It was a real frustration for us."

    These were the words of communication and collaboration platform Mattermost's founder and CTO, Corey Hulen, speaking to The Register about open source, sovereignty and audio bridges.

    "Some of the history of Mattermost is exactly that problem," says Hulen of the issue of closed source software. "We were using proprietary tools – we were not a collaboration platform before, we were a games company before – [and] we were extremely frustrated because we couldn't get our intellectual property out of those systems..."

    Continue reading
  • UK government having hard time complying with its own IR35 tax rules
    This shouldn't come as much of a surprise if you've been reading the headlines at all

    Government departments are guilty of high levels of non-compliance with the UK's off-payroll tax regime, according to a report by MPs.

    Difficulties meeting the IR35 rules, which apply to many IT contractors, in central government reflect poor implementation by Her Majesty's Revenue & Customs (HMRC) and other government bodies, the Public Accounts Committee (PAC) said.

    "Central government is spending hundreds of millions of pounds to cover tax owed for individuals wrongly assessed as self-employed. Government departments and agencies owed, or expected to owe, HMRC £263 million in 2020–21 due to incorrect administration of the rules," the report said.

    Continue reading
  • Internet went offline in Pakistan as protestors marched for ousted prime minister
    Two hour outage 'consistent with an intentional disruption to service' said NetBlocks

    Internet interruption-watcher NetBlocks has reported internet outages across Pakistan on Wednesday, perhaps timed to coincide with large public protests over the ousting of Prime Minister Imran Khan.

    The watchdog organisation asserted that outages started after 5:00PM and lasted for about two hours. NetBlocks referred to them as “consistent with an intentional disruption to service.”

    Continue reading
  • Suspected phishing email crime boss cuffed in Nigeria
    Interpol, cops swoop with intel from cybersecurity bods

    Interpol and cops in Africa have arrested a Nigerian man suspected of running a multi-continent cybercrime ring that specialized in phishing emails targeting businesses.

    His alleged operation was responsible for so-called business email compromise (BEC), a mix of fraud and social engineering in which staff at targeted companies are hoodwinked into, for example, wiring funds to scammers or sending out sensitive information. This can be done by sending messages that impersonate executives or suppliers, with instructions on where to send payments or data, sometimes by breaking into an employee's work email account to do so.

    The 37-year-old's detention is part of a year-long, counter-BEC initiative code-named Operation Delilah that involved international law enforcement, and started with intelligence from cybersecurity companies Group-IB, Palo Alto Networks Unit 42, and Trend Micro.

    Continue reading

Biting the hand that feeds IT © 1998–2022