Apple (NASDAQ: AAPL) announced its 2021 Q3 financial results on July 27th. According to the announcement, net sales, operating income and net income were up 36.4%, 84.3% and 93.2%, respectively (YoY, 3 months). Product sales was up 37.4% while service revenue was up 32.9%. Thus, growth of the product sales slightly exceeds growth of the service revenue.
As for the growth of sales by region, Great China was the most prominent of up 58.2%, followed by Europe of up 33.7% and Americas of up 32.8% (YoY, 3 months). As for the growth of sales by products, the iPhone’s growth was the best of up 49.8% (YoY, 3 months).
Apple have repurchased 66 billion USD common stocks since the beginning of the year. Watanabe & Brothers’ Investment expect continuous growth of Apple.
- Watanabe & Brothers’ Investment is holding shares of Apple.
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