Apple Q2 - iPhones, Macs, & iPads Flying

Apple is the world's largest company, so it is no surprise that it is our most significant holding. There are 641 Vestact clients, owning just under $50 million worth of Apple shares. The good news is that Apple's numbers on Wednesday night smashed expectations!

For the six months ending March 2021, revenue increased 34% and profits increased 57%. Thanks to all the extra cash coming through the door, Apple increased their dividend by 7% and allocated a further $90 billion to their share buy-back program.

Growth came from all their divisions, which is good to see. iPhone sales grew 65%, Macs grew 70% and iPads grew 79%. The impressive iPhone growth is thanks to consumers upgrading old phones to the new 5G enabled hardware. Society shifting to working more from home was a great boost to iPad and Mac sales.

Can Apple sustain all of this growth, even from their big base? Management says 'yes'. The expectation is that they will continue to grow revenue by double digits. This is significant given that share prices focus on the future prospects of a company.