Apple Inc (AAPL) 10-Q Quarterly Report April 2021

® today announced financial results for its fiscal 2021 second quarter ended March 27, 2021. The Company posted a March quarter record revenue of $89.6 billion, up 54 percent year over year, and quarterly earnings per diluted share of $1.40. International sales accounted for 67 percent of the quarter’s revenue.

“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.”

“We are proud of our March quarter performance, which included revenue records in each of our geographic segments and strong double-digit growth in each of our product categories, driving our installed base of active devices to an all-time high,” said Luca Maestri, Apple’s CFO. “These results allowed us to generate operating cash flow of $24 billion and return nearly $23 billion to shareholders during the quarter. We are confident in our future and continue to make significant investments to support our long-term plans and enrich our customers’ lives.”

Apple’s board of directors has declared a cash dividend of $0.22 per share of the Company’s common stock, an increase of 7 percent. The dividend is payable on May 13, 2021 to shareholders of record as of the close of business on May 10, 2021. The board of directors has also authorized an increase of $90 billion to the existing share repurchase program.

Apple will provide live streaming of its Q2 2021 financial results conference call beginning at 2:00 p.m. PT on April 28, 2021 at apple.com/investor/earnings-call. This webcast will also be available for replay for approximately two weeks thereafter.

Apple periodically provides information for investors on its corporate website, apple.com, and its investor relations website, investor.apple.com. This includes press releases and other information about financial performance, reports filed or furnished with the SEC, information on corporate governance, and details related to its annual meeting of shareholders.

The following information was filed by Apple Inc (AAPL) on Wednesday, April 28, 2021 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Inside Apple Inc's 10-Q Quarterly Report:

Financial - Earnings Highlight
Services Gross Margin Services gross margin increased during the second quarter and first six months of 2021 compared to the same periods in 2020 due primarily to higher Services net sales, a different Services mix and the strength in foreign currencies relative to the U.S. dollar.

Financial - Earnings Highlight
Gross Margin Products and Services gross margin and gross margin percentage for the three- and six-month periods ended March 27, 2021 and March 28, 2020 were as follows (dollars in millions): Products Gross Margin Products gross margin increased during the second quarter and first six months of 2021 compared to the same periods in 2020 due primarily to higher Products volume, a different Products mix and the strength in foreign currencies relative to the U.S. dollar.
Financial - Earnings Highlight
Year-over-year Services gross margin percentage increased during the second quarter and first six months of 2021 due primarily to a different Services mix, higher leverage and the strength in foreign currencies relative to the U.S. dollar.
Financial - Earnings Highlight
Year-over-year Products gross margin percentage increased during the second quarter and first six months of 2021 due primarily to higher leverage, a different Products mix and the strength in foreign currencies relative to the U.S. dollar.
Financial - Shares Highlight
Capital Return As of March 27, 2021, the Company was authorized to purchase up to $225 billion of the Company's common stock under a share repurchase program (the "Program").
Financial - Earnings
Apple Inc. | Q2 2021...Read more
Financial - Earnings
During the six months ended...Read more
Revenue - Geography
The movement of foreign currencies...Read more
Revenue - Product
iPhone iPhone net sales increased...Read more
Revenue - Product
Second Quarter Fiscal 2021 Highlights...Read more
Revenue - Geography
The strength of the Chinese...Read more
Revenue - Product
The strength of the Japanese...Read more
Revenue - Product
Japan Japan net sales increased...Read more
Revenue - Geography
Year-over-year Rest of Asia Pacific...Read more
Revenue - Product
The following table shows net...Read more
Revenue - Geography
Apple Inc. | Q2 2021...Read more
Revenue - Product
Quarterly Highlights Business Seasonality and...Read more
Revenue - Product
Services Services net sales increased...Read more
Revenue - Product
Mac Mac net sales increased...Read more
Revenue - Product
iPad iPad net sales increased...Read more
Revenue - Product
Apple Inc. | Q2 2021...Read more
Revenue - Geography
Europe Europe net sales increased...Read more
Revenue - Geography
Greater China Greater China net...Read more
Financial - Shares
Under the Program, shares may...Read more
Revenue - Geography
In addition, the Company has...Read more
Financial - Income
Other Income/(Expense), Net Other income/(expense),...Read more
Revenue - Product
The timing of product introductions...Read more
Other - Other
Deemed Repatriation Tax Payable As...Read more
Other - Other
Forward-looking statements can also be...Read more
Other - Other
As of March 27, 2021,...Read more
Other - Other
The Company's total fixed lease...Read more
Other - Other
The weighted-average interest rate earned...Read more

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Material Contracts, Statements, Certifications & more

Apple Inc provided additional information to their SEC Filing as exhibits

Exhibit 31.1: Rule 13A-14(A)/15D-14(A) Certification

Exhibit 31.2: Rule 13A-14(A)/15D-14(A) Certification

Exhibit 32.1: Section 1350 Certification

Ticker: AAPL
CIK: 320193
Form Type: 10-Q Quarterly Report
Accession Number: 0000320193-21-000056
Submitted to the SEC: Wed Apr 28 2021 6:02:54 PM EST
Accepted by the SEC: Thu Apr 29 2021
Period: Saturday, March 27, 2021
Industry: Electronic Computers