Apple will publish the earnings report for the third quarter of 2021 on July 27, followed by a conference on the same day. The Q3 will cover sales projections from March till June period. On July 27, the statement will be released at 1:30 p.m. Pacific time and 4:30 p.m Eastern time. The subsequent conference to discuss the report will commence at 2:00 p.m. Pacific time and 5:00 p.m. Eastern time.
In the second quarter of 2021, Apple earned, record-breaking, $89.6 billion in revenues which marks a 54% Year-on-Year growth across all of Apple products, but Services and Mac sales set new revenue records. The company’s CEO Tim Cook accredited the success of Apple’s period of “sweeping innovation” across its product lineup. He said;
“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. 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’s Q3 2021 Earning report will cover sales of M1 iPad Pro models, 24-inch iMac, and other products
From March till June, Apple launched new purple color iPhone 12 and iPhone 12 mini, 11-inch and 12.9-inch M1 iPad Pro models, 24-inch M1 iMac, AirTag, and Apple TV4K with a redesigned remote. In addition, the company also introduced the Podcasts Subscriptions and Channels service, HiFi lossless, and Spatial audio on Apple Music and announced upcoming iOS 15, iPadOS 15, watchOS 8, and macOS Monterey at the WWDC21 event.
All the products launched in Q3 of 2021 have received good reviews, especially the M1 iPad Pro models which offer a great gaming experience without heat throttling and battery issues. On the other hand, iPhone 12 mini sales have been worse than expected and it is reported that the company has ended the model’s production ahead of time.
And at the Q2, 2021 earnings call Chief Financial Officer, Luca Maestri predicted that the company’s revenue decline from the March to June quarter will be “greater than in prior years” because of the silicon shortage impact on iPad and Mac. Users can tune in to apple.com to listen to the conference.