4 issues we realized from Apple’s bombastic earnings name

Regardless of the coronavirus pandemic, huge tech corporations haven’t stopped making huge piles of cash. Apple introduced its earnings for the April-June time interval final evening, and the $2 trillion firm had one other document quarter on its books.

Right here’s what we realized from it:

1. This was Apple’s most worthwhile spring quarter

What’s an Apple quarterly outcome with the phrases “essentially the most worthwhile quarter ever” in some context? Apple earned $81.6 billion in income (up 36% year-on-year), and recorded $21.7 billion revenue. These numbers make it essentially the most profitable April-June quarter within the firm’s historical past.

2. The iPhone 12 is successful (and different {hardware} can be doing effectively)

Apple stopped reporting iPhone gross sales numbers more than two years ago. Nonetheless, the corporate mentioned that it registered a 50% development in gross sales year-on-year with extra individuals shopping for computing units within the pandemic. The full price of these gross sales? A whopping $39.6 billion.

The iPhone 12