iPhone Sales Jump 50% Even With Chip Shortage And Pandemic

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Apple announced that the company recorded nearly $39.6 billion in iPhone sales in the three months of its third fiscal quarter, 50% more than at the same time in 2020.

Apple said it made a profit of $21.7 billion, nearly double last year’s profit of $1.30 per share, representing total revenue of $81.4 billion, itself a 36% increase over the previous year. This was far above what analysts had predicted for the company, which reported an average of $1 per share in earnings and revenue of nearly $73 billion.

Apple’s recent sales are another example of how technology companies have thrived during COVID-19.

Normally, Apple struggles with rising iPhone sales in the summer months before its annual fall iPhone is unveiled while people wait for the new products.

Other aspects of Apple’s business are also doing well: the tech giant announced $7.4 billion in iPad sales, up 12% from the same time a year ago.

The Mac, meanwhile, generated sales of $8.23 billion, an increase of 16% over the previous year. Wearables, home and accessories, on the other hand, rose 36% to almost $8.8 billion. The company’s profitable services business also flourished, up 33% to $17.5 billion in sales.

For more information, read the original story in CNET.

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