Apple’s fiscal Q3 2021 ended June 26, 2021, encompassing the period from April to June, and the company posted a revenue of $81.4 billion — an increase of 36 percent over Q3 2020. While one might think that last year’s mid-pandemic quarter would be easy to beat, the reality is that even Q3 2020 saw 11 percent growth over the same quarter in 2019, so while Apple’s 36 percent may be higher than it would have been otherwise, it’s still consistently on an upward trajectory.
Of course, these numbers are dwarfed by Apple’s Q1 2021 “holiday quarter” which saw a mind-blowing $111.4 billion in revenue, and it’s not even up to the Q2 2021 numbers, which came in at $89.6 billion. However, since sales are always seasonal, it’s the year-over-year numbers that count, and the April–June quarter is almost always considerably slower than the ones that come during and immediately following the busy holiday season.
While the numbers weren’t quite as impressive as last quarter’s, Apple still saw double-digit growth across all categories, plus more significant growth than before in both wearables and services, each of which exceeded 30% for the first time ever. However, the profit Apple pulled in during Q3 is second only to the two prior record-breaking quarters.
- iPhone: $39.6 billion (49.8% growth)
- Mac: $8.2 billion (16.3% growth)
- iPad: $7.4 billion (11.9% growth)
- Wearables, Home and Accessories: $8.8 billion (36% growth)
- Services: $17.5 billion (32.9% growth)
What’s perhaps most interesting is that, despite the release of the new 2021 iPad Pro and 24-inch iMac, both the Mac and iPad categories saw more modest growth compared to last quarter’s staggering 70% and 78.7% numbers.