Abstract: Apple is expected to announce its results for the third quarter of fiscal year 2021 (FY3Q21, corresponding to the second quarter of natural year 2021) after the US stock market on Tuesday (July 27). In the last quarter, all of Apple's businesses exceeded expectations and profits doubled. Looking ahead to this season, the global chip shortage may affect Apple's performance. Revenue is expected to grow in double digits year over year, but it is weaker than seasonal. Bloomberg agreed to expect Apple's revenue of 73.815 billion US dollars, an increase of 23.7% year over year.
FY2Q21 review: All businesses have exceeded expectations and profits have doubled
Apple's main financial data for FY2021 Q2 surpassed market expectations. The company's various businesses achieved strong double-digit growth this quarter. In terms of hardware products, iPhone, iPad, and Mac revenue continued to increase, and the wearable business also maintained strong performance; the service business grew 27% year over year, the advertising and in-store business continued to pick up, and digital services continued to grow rapidly.
From a regional perspective, sales in Greater China have resumed growth, with an annual increase of 87% to 17.73 billion US dollars. This is related to the lower base due to China's implementation of epidemic prevention and lockdown measures in the same period last year. Revenue in Europe, America and other regions is also rising.
Apple's board of directors announced a $90 billion share repurchase plan, which is far larger than last year's $50 billion and 2019's $75 billion.
FY3Q21 preview: Global chip shortages may affect performance
Due to the uncertainty of the pandemic, the company does not provide FY3Q21 performance guidelines, but...