The 45-year-old company Apple, posted their biggest profit earned this spring quarter. Other tech companies from all over the globe also achieved record-setting earnings even though the pandemic kept weighing down the economy globally.
On Tuesday, Microsoft Corp. and Google Parent Inc. happily revealed that their quarterly earnings had excelled, emphasizing how the pandemic has switched life and work online, which led to strengthening most of the world’s biggest and wealthiest tech giants.
Apple Chief Executive Tim Cook said, “This quarter saw a growing sense of optimism from consumers in the United States and around the world, driving renewed hope for a better future and for all that innovation can make possible, but as the last 18 months have demonstrated many times before, progress made is not progress guaranteed.”
Around the three-month period till June, Apple earned a profit of $21.7 billion and the revenue percentage surged from last year’s 36% to $81.4 billion remarkably.
The Cupertino, Calif., iPhone maker comments, it’s the best fiscal year so far, having earned an $81.4 billion profit in the course of 12 months up to last September. There’s been a 51% improvement with a paltry 11% gain.
Bottom Line: Apple Profit Earnings reached to a record high profit margin compared to last FY as the company escalated its iPhone sales worldwide.