Apple increases China earnings by nearly 60% in June quarter

in General Discussion edited July 2021
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 China
Apple in China

Apple'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 2020, the latest quarter figures still represent 58.2% from the same time in the previous year.

"It was an incredibly strong quarter," said Tim Cook. "It set a June quarter revenue record for Greater China for us and so we're, we're very proud of that and [of] doing the best job we can to serve customers there."

Quarterly revenue from Greater China
Quarterly revenue from Greater China

"We had a particularly strong response to the 12 Pro and the 12 Pro Max," he added, "those results were particularly strong in it, but if you look at the balance of our products, we also saw June quarter records for Wearables, Home and Accessories for Mac and for Services [in China]."

Cook later said that roughly two-thirds of iPad and Mac users were new to the products, while some 85% of Apple Watch buyers were fresh adopters.

"So it was sort of across the board," added Cook, "and we're seeing plenty of new customers come to the market, for example, [with the] Mac and iPad. About two thirds of the customers who bought in the last quarter were new to that product. For the Apple Watch, that number was 85%."

Read on AppleInsider


  • Reply 1 of 2
    BeatsBeats Posts: 3,073member
     Nice. In the land of Apple knockoffs this is great news!

    Apple needs something special that’s exclusive to iOS that separates it from WeChat. Since knockoff iPhones can run WeChat just the same, this is tough for Apple.

    Now, if Apple keeps the SE on the market next gen we may see massive growth in China with a price drop.
  • Reply 2 of 2
    GeorgeBMacGeorgeBMac Posts: 11,421member
    Well yeh... But don't get too excited.
    Most of that was due to the fact that Apple was behind the 8 ball in technology:  China had been blanketed by 5G but Apple didn't have a 5G phone to access it.   Now they do.
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