Apple Q2 financial report "Enthusiastic customer response to ‌M1‌ Macs"

[Spindel]

Summary

First the boring part: "For the quarter, Apple posted revenue of $89.6 billion and net quarterly profit of $23.6 billion"

iPhone stands for 53,5% of the revenue, services 18,9%, Mac 10,2%, iPad 8,7% and wearable/home/accesories 8,7%. 

 

Quotes

Quote

Mac revenue was up 70% to a new all-time record

 

My thoughts

Most interesting is the Mac revenue being up 70% to an all-time record. Apple has grown so much so if only looking at percentages it doesn't look as impressive as when you start to look at absolute numbers. Mac revenue is about $9 billion, compare this to HP personal systems at $10,6 billion or Dell client solutions (consumer + comercial) at $13,8 billion. 

 

I also read elsewhere (not in posted source) that M1 Macs already outsells all intel macs (not really surprising since the M1 lineup consisted of the best selling models) but still. 

 

Sources

https://www.macrumors.com/2021/04/28/apple-2q-2021-earnings/

[TheReal1980]

Holy moly. When the new Pro laptops are released it will be even more, many people have been waiting for a Mac laptop with magsafe, sdcard support and a new awesome screen (if that is what we are getting), me included (and I have a 2014 Macbook Air and a 2020 Lenovo Thinkpad).

[WolframaticAlpha]

5 hours ago, Spindel said:

Summary

First the boring part: "For the quarter, Apple posted revenue of $89.6 billion and net quarterly profit of $23.6 billion"

iPhone stands for 53,5% of the revenue, services 18,9%, Mac 10,2%, iPad 8,7% and wearable/home/accesories 8,7%. 

 

Quotes

 

My thoughts

Most interesting is the Mac revenue being up 70% to an all-time record. Apple has grown so much so if only looking at percentages it doesn't look as impressive as when you start to look at absolute numbers. Mac revenue is about $9 billion, compare this to HP personal systems at $10,6 billion or Dell client solutions (consumer + comercial) at $13,8 billion. 

 

I also read elsewhere (not in posted source) that M1 Macs already outsells all intel macs (not really surprising since the M1 lineup consisted of the best selling models) but still. 

 

Sources

https://www.macrumors.com/2021/04/28/apple-2q-2021-earnings/

PC Manufaturers:  mindblown

Intel & AMD: Shitfuckshitfuckshitfuckshitfuckshitfuck

M1 Skeptics[including me]: (Pissed)

Apple Fans and evangelist: Interesting(Sips champagne)

[JLO64]

5 hours ago, Spindel said:

Apple's gross margin of 42.5% was the company's highest since the third fiscal quarter of 2012. Apple's gross margin has typically hovered in the 38% range in recent years.

This is the part that I'm really surprised by, most likely due to the in house nature of M1.

[Spindel]

Here's some more related tidbit from Toms Hardware

Quote

Apple executives said Wednesday that roughly 50% of the Mac and iPad sales in the second quarter of 2021 were to people who'd never owned those devices before. Much of that growth has been attributed to the M1 system-on-a-chip, the release of which led the Mac to enjoy the best financial quarter in its decades-long history.

https://www.tomshardware.com/news/apples-m1-chip-is-bringing-long-time-x86-pc-users-to-the-arm-powered-mac

[Taf the Ghost]

1 hour ago, Spindel said:

Here's some more related tidbit from Toms Hardware

https://www.tomshardware.com/news/apples-m1-chip-is-bringing-long-time-x86-pc-users-to-the-arm-powered-mac

Hype via actual marketing and being generally good for the first time in a while. Also, it's not like laptop sales aren't at all-time highs with some of the largest YoY increases ever.

[leadeater]

On 4/29/2021 at 10:50 PM, Spindel said:

I also read elsewhere (not in posted source) that M1 Macs already outsells all intel macs (not really surprising since the M1 lineup consisted of the best selling models) but still. 

Well so it should, not just because they are outright better but everyone is talking about the M1 Macs so that's what people want. I'd personally find it strange if this wasn't the case, I'd also be worried that Apple's marketing isn't working and people are buying inferior products.

[Spindel]

4 minutes ago, leadeater said:

Well so it should, not just because they are outright better but everyone is talking about the M1 Macs so that's what people want. I'd personally find it strange if this wasn't the case, I'd also be worried that Apple's marketing isn't working and people are buying inferior products.

Well if you believe internet forums the sky is falling and no one will buy AS macs because you can't dual boot to windows on them. 

 

 

... and yeah I learned a long time ago that whatever is the trend regarding usable tech according to tech forums the reality is the opposite, here are some highlights:

-iPhone is DOA it has no physical keyboard, and Nokia N series has much better API

-Nintendo Switch is DOA it is under powered and Nintendo games are only for kids

-Next generation of macs ships without floppy drive, they are DOA everyone needs a floppy drive

-Next generation macs ships with only USB and firewire, they are DOA everyone needs serial and parallel ports

-Next generation ships without optical drive, they are DOA everyone needs a Blu-Ray in the computer

-Next generation iPhone ships without head phone jack, DOA!

-Apple introduces wireless head phones, DOA!! every one wants wired head phones

-Apple introduces Apple Watch, DOA!!!, who needs this!

-Microsoft introduces the Zune, apple is doomed iPod sales will fall of a cliff now

-Apple computers are only for image driven hipsters that only care about looks *proceeds to pay extra for ram sticks with RGB lights*

 

[WereCat]

Not surprised. Macs are such a great value right now that they even cost less than a graphics card. 

[RejZoR]

4 hours ago, Taf the Ghost said:

Hype via actual marketing and being generally good for the first time in a while. Also, it's not like laptop sales aren't at all-time highs with some of the largest YoY increases ever.

With Intel CPU's, they were entirely depending on Intel. If Intel was lacking, so was Apple. With M1, it's all down to Apple. And they made huge leap. Question for the future is, will they be able to keep up.

 

It's what I was afraid about AMD's Ryzen, making huge strides every time and running out of steam. But so far that was not the case. We'll see how it'll be for the future...

[Curufinwe_wins]

This is good for Apple of course, but it is worth noting that basically everyone in the pc segment (except for Dell iirc) has been posting record shipments and similar. I believe Apple in it's report warned about future constraints starting to hit them in the following quarters.

 

I think the Q4 data was 20% growth across the entire market with Lenovo on the volume and Apple in the lux end showing the biggest increases.

 

Anyways, not trying to reign in on parades, just noting that the general market right now for computers (notably not for cellphones) is superheated. Which makes it a good time to be launching a brandnew product stream hahaha.

[thechinchinsong]

Not surprising in the least. With such a big push toward remote work and such along with the hype/advertising to move to M1 macs, I'd be surprised if customer response wasn't "enthusiastic". Also having actually great hardware + software for an astonishingly good price surely helps.