Apple’s revenue rose by a record 54% year over year to $89.6 billion in the quarter ending March, according to the company’s press release. 67% of the quarter’s revenue was from international sales.
Apple’s earnings per diluted share were $1.40 from a profit of $23.6 billion in the quarter
iPhone revenues surged 65% to $47.9 billion, higher than the expected 42% increase.
Mac sales rose by a record 70% to $9.1 billion, while iPads jumped 79% to $7.8 billion, more than expected 27% and 29%, respectively.
The iPhone maker announced a 7% increase to the cash dividend to $0.22 per share payable on May 13, 2021.
Apple generated a cash flow of $24 billion and returned almost $23 billion to shareholders in the quarter.
The company authorized a $90 billion increase to its share repurchase program.Apple stock is currently gaining. AAPL: NASDAQ is up 2.80% on the premarket.
