Smashed records, short supplies and other takeaways from Apple’s record Q3

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Smashed records, short supplies and other takeaways from Apple's record Q3
Apple broke records in multiple types of revenue last quarter, from Macs to Services. And its installed base of user hit a new record, too.
Photo: Cult of Mac/EverythingSuperMario

Apple just revealed that its made heaps of money last quarter. It broke all kinds of revenue records, and Mac, iPhone and iPad contributed strongly to the total.

But there are also some dark clouds in Apple future. Read on to get the good news and bad from the company’s most recent financial earnings results.

Apple earnings blow past analysts’ estimates yet again

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Apple earnings blow past analysts’ estimates yet again
Apple had another record-breaking quarter, with strong growth in iPhone, Mac, iPad, Services, etc.
Photo: Cult of Mac

Apple took in $81.4 billion in revenue during its most recent financial quarter, up 36% from the same quarter of last year. And profits were up as well, with earning per share hitting $1.30.

Market analysts just can’t keep up with how well the iPhone-maker is doing. These results beat expectations handily.

Apple shines in hugely successful quarter

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Apple earnings call 2Q 2021: Apple racks up another impressive quarter.
Apple racks up another impressive quarter.
Photo: Razvan Chisu/Unsplash CC

The first three months of 2021 brought a flood of revenue for Apple, up 54% from last year. And profits, too. The company had a successful quarter all around, with double-digit growth in iPhone, Mac, iPad, wearables and services revenue.

A shining star in the results was iPhone revenue, which increased by a whopping 65%. But other product categories increased by even higher percentages.

Apple investors prepare for another boffo quarter

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Apple’s financial results were all the company could ask for.
Multiple products are expected to contribute to Apple announcing stellar financial results for last quarter.
Graphic: Cult of Mac

Wall Street thinks Apple recently finished an amazing quarter. If the analysts are right, the company will reveal on Wednesday the results of a January-through-March period with significant revenue growth in all its products, both hardware and services.

Apple could announce another record-breaking quarter on April 28

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Apple leases new offices near to Apple Park
Apple just finished its first financial quarter of 2021, and we’ll soon find out how it did.
Photo: Duncan Sinfield

Apple will announce the financial results of its winter quarter on April 28. So far, people forced to work and learn from home have been very good for the Mac-maker’s bottom line. We’ll soon see if that carried through to the beginning of 2021.

Today in Apple history: Steve Jobs says Apple is finally debt-free

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Apple is worth more than the entire US energy sector combined
This was a significant moment in Apple's turnaround.
Photo: Ste Smith/Cult of Mac

February 18: Today in Apple history: Steve Jobs says Apple is finally debt-free February 18, 2004: Steve Jobs sends an internal memo to Apple employees revealing that the company is, for the first time in years, totally debt-free.

“Today is a historic day of sorts for our company,” he writes. It marks a big turnaround from the bad old days of the 1990s, when Apple carried more than $1 billion in debt — and faced the danger of bankruptcy.

7 nuggets of truth from Apple’s latest earnings call

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All-time high Mac sales power Apple to new heights, if not record earnings.
All-time high Mac sales power Apple to new heights.
Original photo: Markus Spiske/Unsplash CC

COVID-19 both helped and hurt Apple earnings in the company’s most-recent financial quarter. CEO Tim Cook and CFO Luca Maestri discussed the nitty-gritty details of the results Thursday. They also shared what’s really going on with Apple as it tries to keep releasing best-selling products in the middle of a pandemic that’s upended the world economy and ordinary people’s lives.

Here are seven things we learned from Apple’s Q4 2020 earnings call.

Huge Mac sales drive record-breaking earnings for Apple

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Apple Q4 2020 earnings: Mac sales (and services) drove revenues to record highs last quarter.
Mac sales (and services) drive Apple revenues to record highs once again.
Photo: Rachel Moenning/Unsplash CC

Apple pulled in more revenue last quarter than in any previous July-through-September period, despite the COVID-19 pandemic. Growth came from sales of Mac and iPad, as well as revenue from services.

But iPhone revenue was down dramatically because of the delayed release of the iPhone 12 series. That hurt earnings significantly.