Apple has just published its financial results for Q3 2021. The company posted revenue of $81.4 billion. Apple CEO Tim Cook said:
“This quarter, our teams built on a period of unmatched innovation by sharing powerful new products with our users, at a time when using technology to connect people everywhere has never been more important,” said Tim Cook, Apple’s CEO. “We’re continuing to press forward in our work to infuse everything we make with the values that define us — by inspiring a new generation of developers to learn to code, moving closer to our 2030 environment goal, and engaging in the urgent work of building a more equitable future.”
Expectations for Q3 2021 and the Year-Ago Quarter (Q3 2020)
Apple didn’t provide guidance for Q3 2021, but going into today’s earnings call, Yahoo Finance reported the following analyst expectations::
Here’s what Wall Street is expecting from Apple, as compiled by Bloomberg, versus how it performed in the same quarter last year.
- Revenue: $73.8 billion expected versus $59.7 billion in Q3 2020
- Earnings per share: $1.01 expected versus $2.58 in Q3 2020
iPhone revenue: $34.5 billion expected versus $26.4 billion in Q3 2020
Services revenue: $16.3 billion expected versus $13.2 billion in Q3 2020
After the break, we’ve compiled a graphical visualization of Apple’s Q3 2021 financial results.