Apple reports record revenue for second quarter

Apple on Wednesday reported record second quarter revenue of $89.6 billion, which is up 54 percent year over year.

“This quarter reflects both the enduring ways our products have helped our users meet this moment in their own lives, as well as the optimism consumers seem to feel about better days ahead for all of us,” said Tim Cook, Apple’s CEO. “Apple is in a period of sweeping innovation across our product lineup, and we’re keeping focus on how we can help our teams and the communities where we work emerge from this pandemic into a better world. That certainly begins with products like the all-new iMac and iPad Pro, but it extends to efforts like the 8 gigawatts of new clean energy we’ll help bring onto the grid and our $430 billion investment in the United States over the next 5 years.”

Apple said international sales accounted for 67 percent of the quarter’s revenue.

Apple saw increases across its product lines this quarter. iPhone revenue was $47.9 billion this quarter compared to $28.9 in the year-ago quarter. Mac revenue this quarter was $9.1 billion compared to $5.3 billion in the year-ago quarter. iPad revenue was $7.8 billion this quarter, up from $4.3 billion in the same quarter last year.

Wearables, Home and Accessories brought in revenue of $7.8 billion, up from $6.2 billion in the year ago quarter. Finally, Services was $16.9 billion this quarter compared to $13.3 billion in the year-ago quarter.