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Apple reports a strong 50% gain in fiscal third quarter iPhone revenue

July 27, 2021

Apple released its fiscal third-quarter earnings this afternoon which includes the three months ending June 26th. During the quarter, the tech giant set a record for its fiscal third quarter by generating revenue of $81.4 billion, a 36% year-over-year increase. It was another strong quarter for the iPhone with $39.57 billion in revenue rung up compared to the $26.42 billion in handset sales announced a year ago.

This works out to nearly a 50% increase in handset gross for Apple during the quarter and topped analysts’ estimates of $34.01 billion. Apple iPad sales came to $7.34 billion versus $6.58 billion a year ago.

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