Apple Reports 2Q 2021 Results: $23.6B Profit on $89.6B Revenue, Record Mac and Services Revenue

[CarpalMac]

Being suspended must be agony for a certain member right now.

Refreshing not to have a post telling everyone how they predicted this oh so completely unexpected growth (/s) and then try and stir up bad feeling.

 

[Rogifan]

If this was any other tech company they would be up after market way more than AAPL is right now.

 

[t76turbo]

I'm still 85% Apple. A bit crazy, but can't complain on return since 2004.

You got me beat by a few years. I still have shares from around 2007. Ive added more since then but still holding onto those original shares. Probably makes up 40% of my portfolio.

 

[hot-gril]

Apple is the safest place to put your money

I have money in AAPL, but no.

 

[usagora]

Steve gave us:

-The Mac
-The iPhone
-The iPad

Tim has done an amazing job making the company money, but what new products have there been in the last 10 years?

The Watch? Apple Music?

I'm guessing you mean revolutionary new products. Those don't come around very often. And I'm not saying this applies to you, because I don't know you, but there seem to be some folks who blindly worship Steve Jobs and would probably say a product introduced under his leadership is better than if the same product had been produced under Tim's leadership.

 

[hot-gril]

Without a dominant (>75%) market share in any area Apple competes in, how long can it continue this “record revenue and profit” run? I don’t think it can be long.

That's the thing, they have room to improve by grabbing more market share.

 

[mi7chy]

Services is not surprising since Big Sur is one big subscription nagware with almost every bundled app nags to sign up for subscription. And, the fake M1 hype is working but the picture is incomplete without knowing how many were returned or offloaded.

 

[Techwatcher]

Very telling about the future of MacBooks when iPads are tied with it.

 

[Rogifan]

Haha on CNBC the ‘analysts‘ are saying the stock isn’t up much after hours because the hardware growth was better than services growth. These are the same ‘analysts’ who were saying Apple was doomed because there was no more hardware growth. Now it’s doomed because the hardware growth is too good. 😂

 

[jmgregory1]

Without a dominant (>75%) market share in any area Apple competes in, how long can it continue this “record revenue and profit” run? I don’t think it can be long.

Isn't that most people would consider a recipe for long-term growth - having less than a dominant share in multiple categories means there is a lot of untapped opportunity. It also insulates them from the negatives, like the suggestion they're a monopoly when they're actually a minor player (volume-wise).

Apple, because of their financial success, is able to do what few publicly traded companies can do - focus on products and services and not on quarterly financials. And it's not like they're going to bring in some cost cutter CEO, when Cook finally decides to retire, who will just f-up the whole business. The only potential issue they're going to face would be government intervention for being too big of a company in general. But their market share currently suggests that won't be an issue for quite a long time, if ever.

 

[cmaier]

Being suspended must be agony for a certain member right now.

Refreshing not to have a post telling everyone how they predicted this oh so completely unexpected growth (/s) and then try and stir up bad feeling.

Ah, shoot, i haven’t kept track of the bannings and don’t know who.

The Mac numbers are interesting - I think once Apple finishes the M1 transition and releases all the new “actually designed from the start for M1” machines, the Mac numbers are going to balloon.

 

[rafark]

Steve gave us:

-The Mac
-The iPhone
-The iPad

Tim has done an amazing job making the company money, but what new products have there been in the last 10 years?

The Watch? Apple Music?

Steve also gave us the AppStore, Apple ARM chips, etc.

Apple is huge now thanks to all the work Steve and his team did in the past.

 

[dojoman]

If this was any other tech company they would be up after market way more than AAPL is right now.

nah none of the tech stocks have been going up lately even after upbeat earning. Blame it on stupid Meme stocks trend.

 

[jayducharme]

If this was any other tech company they would be up after market way more than AAPL is right now.

On the other hand, it's better than the stock price dropping, which it often has after a great earnings report.

BTW, is it just me, or does Tim sound unusually exhausted?

 

[Abazigal]

Without a dominant (>75%) market share in any area Apple competes in, how long can it continue this “record revenue and profit” run? I don’t think it can be long.

For quite a while, I believe.

Above Avalon: Apple Is Pulling Away From the Competition

For the second year in a row, Apple held a developers conference that should frighten its competitors. Relying on a nearly maniacal obsession with the user experience, Apple is removing oxygen from every market that it plays in. At the same time, the tech landscape is riddled with increasingly bad b

www.aboveavalon.com

Unfortunately for Apple competitors, the combination of a revised product strategy and unique definition of innovation didn’t just make for strong WWDC keynotes. Consumers are noticing and wanting what Apple is selling.

While Apple sails forward with a strengthening ecosystem made possible by a clear product vision and a functioning organizational structure that prioritizes design (i.e. the user experience), the competition is rudderless.

Apple should probably get used to being its own toughest competitor.

Sometimes when I say things like “there is no smart watch market, only the Apple Watch market” or “the iPhone faces more competition from older iPhone models”, it’s not out of arrogance but a growing recognition of the realities of the marketplace.

People increasingly want Apple products.

 

[hot-gril]

Haha on CNBC the ‘analysts‘ are saying the stock isn’t up much after hours because the hardware growth was better than services growth. These are the same ‘analysts’ who were saying Apple was doomed because there was no more hardware growth. Now it’s doomed because the hardware growth is too good. 😂

I think the only time analysts are right is when they're bullish and have lots of influence, and it's because the prediction itself causes people to buy. Reality will eventually catch up, but you know, GME has been staying insane for months now.

 

[tongxinshe]

How dare Tim mention a solar farm in CHINA as a good example of Apple’s achievements?!!! China has been declared THE ENEMY by our political leaders, Apple should only follow suite in ALL OCCASIONS. Apple should be declared an enemy of the country!

 

[Phone Junky]

Ah, shoot, i haven’t kept track of the bannings and don’t know who.

Baymowe335

 

[alphaswift]

Wow, another couple of quarters and Apple will sell more in Ipads than Macs.

 

[MacBebe]

Everyone should have FAANG + MSFT in their portfolio.

I have those except G

 

[sirozha]

Services is not surprising since Big Sur is one big subscription nagware with almost every bundled app nags to sign up for subscription. And, the fake M1 hype is working but the picture is incomplete without knowing how many were returned or offloaded.

M1 is the best new Tech since iPhone. It’s absolutely unbelievable. I have both Intel and M1 Macs, and Intel is so legacy compared to M1. And yes, you can now run Windows in M1. I have been doing it for several months now, and it runs better than it does on Intel.

 

[Jaro65]

This company if making money hand over fist.

 

[Gator5000e]

The dividend increase is kind of meh, though.

 

[PotatoLeekSoup]

Glad to see growth associated with Macs again.

I had been waiting for the M1 to land in an iMac. Planning to get one this summer!

 

[MuGeN PoWeR]

All Hail AAPL!