The MacBook lineup with the new M1 processor posted record sales in the second fiscal quarter as Apple crushed analysts’ expectations with revenue growth of 54%.
The company’s iPhone, iPad and Mac lines are also showing strong growth. The company reported second-quarter revenue of $ 89.6 billion, up 54% from a year ago.
International sales represent 67% of Apple’s total revenue.
“A period of radical innovation across the entire product line” according to Tim Cook
Analysts predicted Apple would achieve second-quarter revenue of $ 77.35 billion. CEO Tim Cook says the company “is going through a period of radical innovation across its product line.”
Apple recently launched new iMac and iPad Pro models with its new in-house processor, the M1.
IPhone revenue in the second quarter reached $ 47.94 billion, up from $ 28.96 billion a year ago. IPad sales reached $ 7.8 billion, up from $ 4.37 billion a year ago. Mac sales reached $ 9.1 billion, up from $ 5.35 billion last year.
The rise of the Apple Watch and services
The wearables segment, led by the Apple Watch, generated sales of $ 7.84 billion, up from $ 6.28 billion a year ago. Sales of services reached $ 16.9 billion, up from $ 13.35 billion last year.