Apple raises dividend as sales growth accelerates to 54% in March quarter

News Wireless Global 29 APR 2021
Apple raises dividend as sales growth accelerates to 54% in March quarter

Apple's sales growth accelerated to 54 percent in its fiscal second quarter to March, for a total USD 89.6 billion in revenues. The company's net profit more than doubled, to USD 23.6 billion from USD 11.4 billion a year ago, and Apple raised its quarterly dividend by 7 percent, to USD 0.22 per share.

In addition, the company is allocating another USD 90 billion to its share buyback programme. In Q2, Apple generated USD 24 billion in operating cash flow and returned USD 23 billion to shareholders in the form of dividends and buybacks. 

Sales growth was strong across all regions. This included a near doubling in sales in Greater China, to USD 17.7 billion, where a year ago Apple was forced to issue a profit warning. Revenues in the Americas rose 35 percent to USD 34.3 billion, and sales in Europe increased 58 percent to USD 22.3 billion. 

The iPhone generated over half of quarterly revenues, at USD 47.9 billion, up 66 percent from a year earlier. Services contributed USD 16.9 billion, up 27 percent; iPad sales were up 79 percent to USD 7.8 billion; and sales of wearables, home products and accessories rose 25 percent to USD 7.8 billion. 

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Mobile

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Apple

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Global

Tags:

Financial figures, Consumer devices, Handsets

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