Apple’s strong sales for the June quarter, the tech giant’s fiscal third quarter 2021, represented a record for its FYQ3. The company reported a net profit of $21.74 billion, up 93% from the year-earlier period, or earnings per diluted share of $1.30. Apple’s global installed base across all devices stands at an all-time high. The company disclosed in January that its installed base had reached 1.65 billion.
At the same time, Cook observed, “progress made is not progress guaranteed.” He noted that latest wave of COVID-19 spikes in the U.S. and other markets has led to “an uneven recovery — the pandemic has shown us once again the road to recovery will be a winding one.” Cook noted that iPhone is getting a boost from the growing availability of 5G wireless technology for mobile device users. “We’re only in the early innings of 5G and already its incredible performance and speed have made a significant impact on how customers can get the most out of our technology,” Cook said. He later reiterated that 5G penetration around the world remains “very low” and thus represents an opportunity for Apple.
I never understook Apple success. Their products are so rapidely obsolete.
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