Month: July 2021

A part of Apple’s repair work is done in house, while the rest is usually outsourced to third-party providers. CSAT solution is one such third party provider based out of Houston, Texas. A new report by Business Insider highlights the inhumane condition inside the Houston facility and calls it a “sweatshop.” Investigations revealed a 13-hour workday, hostile…

Read More “Report Highlights ‘Sweatshop’ Like Conditions in Apple Approved Mac Repair Facility” »

Macs and iPads are selling in record numbers as people continue to work and learn from home. According to Apple’s latest earnings report for the third fiscal quarter of 2021 (second calendar quarter), Apple’s Mac category brought in $8.8 billion, up from $6.5 billion in the year-ago quarter. Sales were just a bit down from…

Read More “Apple’s Mac and iPad Sales Continue to Surge in Q3 2021” »

Apple today announced financial results for the third fiscal quarter of 2021, which corresponds to the second calendar quarter of the year. For the quarter, Apple posted revenue of $81.4 billion and net quarterly profit of $21.7 billion, or $1.30 per diluted share, compared to revenue of $59.7 billion and net quarterly profit of $11.25…

Read More “Apple Reports 3Q 2021 Results: $21.7B Profit on $81.4B Revenue, New June Quarter Records” »

The Apple services segment grew by 33% to a new record high in the third fiscal quarter of 2021 thanks to continued emphasis on subscriptions like Apple TV+ and Apple Arcade.Apple Services grow by 33%Apple shared the earning results for its record breaking third quarter of 2021 on Tuesday. After earning $17.5 billion with services,…

Read More “Apple services revenue breaks quarterly record on 33% growth” »

Apple is warning that it expects ongoing supply constraints and shortages to affect sales of the iPhone and iPad lineups in the upcoming September quarter.Credit: Andrew O’Hara, AppleInsiderDuring the company’s earnings call with analysts Tuesday, Apple CFO Luca Maestri said supply issues that the company faced in the June quarter “will be higher in the…

Read More “Ongoing supply constraints could affect iPhone, iPad in September quarter” »

Apple posted the financial results from its second fiscal quarter of 2021 on Tuesday, breaking all of the company’s third fiscal quarter records with $81.4 billion in revenue. Following are the notes of interest from both the report and the subsequent analyst conference call, with remarks from Apple CEO Tim Cook and CFO Luca Maestri.Apple…

Read More “Notes of interest from Apple’s Q3 2021 earnings report and conference call” »

Apple’s earnings for Greater China in Q3 2021 were up 58.2% from the same time in 2020, rising to $14.76 billion.Apple in ChinaApple’s weak 2019 earnings in China now seem even further away, as the latest financial earnings figures again show a considerable increase. While Q2 2021 had a more dramatic 87.5% rise over Q2…

Read More “Apple increases China earnings by nearly 60% in June quarter” »

Apple experienced “strong double digit growth” in the number of iPhone users who were upgrading an older device or swapping to an ?iPhone? from an Android device, Apple CEO Tim Cook said during today’s earnings call covering the third fiscal quarter of 2021. Cook said that it was the largest upgrade quarter for Q3 ever,…

Read More “Apple Saw Double Digit Growth in iPhone Upgraders and Switchers in Q3 2021” »

During today’s earnings call covering the third fiscal quarter of 2021 (second calendar quarter), Apple CFO Luca Maesteri said that Apple is expecting supply constraints to affect the iPhone and the iPad in the coming quarter. “The supply constraints that we’ve seen in the June quarter will be higher in the September quarter,” said Maestri….

Read More “Apple Expecting iPhone and iPad Supply Constraints in September Quarter” »