Apple posts record $89.6B in Q2 revenue on back of across-the-board growth

Apple earned $89.6 billion in revenue for the second fiscal quarter of 2021, a huge Wall Street beat attributed in large part to strong growth in iPhone, wearables and services.Released ahead of its customary conference call with analysts, Apple has confirmed revenue of $89.6 billion for the quarter ending March 2021. This represents a year-on-year growth of 54% from Q2 2020, when Apple reported $58.3 billion at the start of the COVID-19 pandemic. Net profit rose a gargantuan 110% to hit $23.6 billion.'This quarter for Apple wouldn't have been possible without the tireless and innovative work of every Apple team member worldwide,' said Apple CEO Tim Cook. 'We're gratified by the enthusiastic customer response to the unmatched line of cutting-edge products that we delivered across a historic holiday season. We are also focused on how we can help the communities we're a part of build back strongly and equitably, through efforts like our Racial Equity and Justice Initiative as well as our multi-year commitment to invest $350 billion throughout the United States.' Read more...