Apple Reports 3Q 2021 Results: $21.7B Profit on $81.4B Revenue, New June Quarter Records

[MacRumors]

Apple today announced financial results for the third fiscal quarter of 2021, which corresponds to the second calendar quarter of the year.

For the quarter, Apple posted revenue of $81.4 billion and net quarterly profit of $21.7 billion, or $1.30 per diluted share, compared to revenue of $59.7 billion and net quarterly profit of $11.25 billion, or $0.65 per diluted share, in the year-ago quarter. Apple's top-line numbers shattered June quarter records for the company.

Gross margin for the quarter was 43.3 percent, compared to 38.0 percent in the year-ago quarter. Apple also declared a quarterly dividend payment of $0.22 per share, payable on August 12 to shareholders of record as of August 9.

“This quarter, our teams built on a period of unmatched innovation by sharing powerful new products with our users, at a time when using technology to connect people everywhere has never been more important,” said Tim Cook, Apple’s CEO. “We’re continuing to press forward in our work to infuse everything we make with the values that define us — by inspiring a new generation of developers to learn to code, moving closer to our 2030 environment goal, and engaging in the urgent work of building a more equitable future.”

As has been the case for over a year now, Apple is once again not issuing guidance for the current quarter ending in September.

Apple will provide live streaming of its fiscal Q3 2021 financial results conference call at 2:00 pm Pacific, and MacRumors will update this story with coverage of the conference call highlights.

Apple earnings call recap ahead...
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Article Link: Apple Reports 3Q 2021 Results: $21.7B Profit on $81.4B Revenue, New June Quarter Records

 

[Think|Different]

Good Lord!

 

[Yokon54]

Any questions? Hope you’re long.

$21.7B in profit in a 90 day slow quarter. Tesla just made $1B in profit for perspective.

 

[Justin Cymbal]

I bought a lot of Apple stock in May of last year in my IRA. Going to continue buying more on the dips. Holding it long term

 

[tongxinshe]

AAPL price is set for a big drop tomorrow, again, just like last two quarters.

 

[ArPe]

AMAZING

OMG Mac sales flying higher

Can you imagine when the 16" MBP and students buy for the new school year?

 

[TheYayAreaLiving 🎗️]

Apple is not doomed folks and it is 2021. Let's get it!!!

 

[DocMultimedia]

And of course AAPL drops after hours. Wall Street really hates the lack of future guidance.

 

[QCassidy352]

$21.7b profit in a quarter… Oh. My. Goodness.

 

[DotCom2]

AAPL price is set for a big drop tomorrow, again, just like last two quarters.

Time to buy-in!

 

[contacos]

I wish I would understand how investing works. I bought some shares (I think ?) of some companies the other day for 50 Euro and I am currently down with a loss of 32 Euro not really understanding what I am doing or even clicking LOL but hey, I own 0,0004 of a Bitcoin now!

 

[Glideslope]

The Assimilation Continues. Resistance is Futile.

 

[DotCom2]

UN-STOPPABLE!

 

[Glideslope]

Any questions? Hope you’re long.

$21.7B in profit in a 90 day slow quarter. Tesla just made $1B in profit for perspective.

Using less Cobalt though…….

 

[omenatarhuri]

Guh, don't understand the drop AH. Those numbers are fantastic.

 

[Yokon54]

AAPL price is set for a big drop tomorrow, again, just like last two quarters.

Yet we still were at all time highs this week. Buy any dip. This quarter was shocking.

 

[QCassidy352]

it’s amazing that they keep beating their own records like this, quarter after quarter, year after year. I keep thinking it has to stop at some point, but I guess this isn’t that point.

 

[Yokon54]

Guh, don't understand the drop AH. Those numbers are fantastic.

Normal pre-earnings run up, then sell into strength. Still near all time highs. Accumulate on dips.

 

[Yokon54]

I wish I would understand how investing works. I bought some shares (I think ?) of some companies the other day for 50 Euro and I am currently down with a loss of 32 Euro not really understanding what I am doing or even clicking LOL but hey, I own 0,0004 of a Bitcoin now!

Buy an index fund, keep buying and never sell. You’ll beat almost everyone long term.

 

[DotCom2]

Guh, don't understand the drop AH. Those numbers are fantastic.

Happens every time.

 

[melgross]

Most tech companies are having a very good year, as they did the second half of last year. Covid has been good to them.

 

[dogslobber]

There's a reason I dumped all my AAPL stock last time a I sold. Nobody is impressed and the only thing that'll increase the stock price is Cook being fired with Eddy Cue taking over as CEO.

 

[Yokon54]

There's a reason I dumped all my AAPL stock last time a I sold. Nobody is impressed and the only thing that'll increase the stock price is Cook being fired with Eddy Cue taking over as CEO.

We hit all time highs this week, so selling was wrong.

The Cook comment must be a troll, like the entire post maybe?

 

[tongxinshe]

Yet we still were at all time highs this week. Buy any dip. This quarter was shocking.

That’s just because the broad market is at all time high. AAPL has been lagging behind a lot this year.

 

[jerryk]

Guh, don't understand the drop AH. Those numbers are fantastic.

The recent rise in AAPL already priced in a good last quarter. Now that a good last quarter is in, it is back to "yeah, but what about this quarter".