Thanks to iPhone: Apple's quarterly profit increases by 93 percent

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Booming business in China and brisk demand for the particularly expensive 5G-capable iPhones have brought Apple good quarterly figures: The company made as much money in the past quarter as it did in the Christmas season. The

sales

rose year on year by 36 percent to 81.4 billion dollars. The bottom line was a

profit

of a good $ 21.7 billion (equivalent to around 18.4 billion euros) left - 93 percent more than a year earlier. Apple said after the US market closed on Tuesday.

Accordingly, it was again the iPhone that provided the majority of the increase: sales in the iPhone business rose by almost half to around 39.6 billion dollars.

But there was also significant growth in Mac computers, iPads and other devices.

Apple performed particularly well in China: In the third fiscal quarter, sales in the People's Republic rose by 58 percent to $ 14.76 billion.

The services business, in which revenues from subscription offers such as Apple Music or iCloud storage flow together, grew by almost a third to almost 17.5 billion dollars in the fiscal quarter that ended at the end of June.

The quarterly figures were significantly better than analysts expected.

However, in an initial reaction in after-hours trading, the share fell slightly.

In addition to Apple, other companies presented their latest quarterly figures on Tuesday:

Microsoft: More

profits and revenues thanks to the cloud boom

The ongoing boom in the cloud business brought the software giant Microsoft once again strong business growth in the most recent quarter.

In the three months to the end of June,

revenues

climbed

21 percent year-on-year to $ 46.2 billion (39.1 billion euros), as the group announced after the US market closed.

The

net profit

even increased by 47 percent to 16.5 billion dollars.

This clearly exceeded the expectations of the analysts.

Microsoft could once again rely on its lucrative cloud services.

The Azure platform, which offers numerous other companies and apps IT services and storage space on the network, increased sales by a surprisingly strong 51 percent.

The PC division, which in addition to Windows software also includes hardware products such as the Xbox game console and "Surface" tablets, grew by 9 percent to $ 14.1 billion.

Although the numbers were better than expected, the share initially reacted with significant price losses after the trading day.

Google Mother Alphabet: Online Activity Boosts Business

Google profited massively in the past quarter from the growing online activity of Internet users and companies. The

turnover

of parent company Alphabet rose by 62 percent year-on-year to around 61.9 billion dollars (52.4 billion euros). In

terms of profit

, there was a jump from just under $ 7 billion a year earlier to a good $ 18.5 billion, as Alphabet announced after the US market closed.

Online advertising in Google's search engine and other areas is still the mainstay of the business.

Google's advertising revenues rose in the second quarter by around 69 percent to a good 50.4 billion dollars.

The video platform YouTube brought in 7 billion dollars - after 3.8 billion dollars a year ago.

Google's cloud service revenue increased by more than half to $ 4.6 billion.

Starbucks: Recovery from the Crisis - Record Sales and Billions in Profits

At the world's largest café chain Starbucks, business is

going

much better again: In the three months to the end of June, sales rose

by 78 percent year-on-year to a record value of 7.5 billion dollars (6.4 billion euros), like Starbucks according to the US - closing declared. The company benefited greatly from the fact that business operations normalized again after the restrictions caused by the corona pandemic, especially in the home market of America. Significantly more customers came to the chain's restaurants than a year ago, when many branches had to close temporarily due to the corona crisis.

Bottom line, Starbucks made a

quarterly profit

of $ 1.2 billion after high extra charges caused a loss of $ 678 million last year due to the pandemic.

Although the results exceeded the expectations of the analysts, the share initially fell three percent after the trading hours.

Visa: Credit card giant boosts profits and revenues

The US financial group Visa increased its quarterly profit thanks to a sharp increase in payments with its credit cards: In the three months to the end of June

,

the company

earned a

bottom line of 2.6 billion dollars (2.2 billion euros), nine percent more than a year

ago

. This is what Visa said after the US market closed. The

revenue

even rose by 27 percent to 6.1 billion dollars and the total outstanding of Visa payment volume by 34 percent.

While internet consumption boomed during the corona crisis and ensured that customers often used credit cards, the rest of the business has picked up momentum again in recent months.

Foreign payments, for example for hotel or flight bookings, increased significantly again, which were no longer due to the restricted travel in the pandemic.

Analysts had expected worse quarterly figures on average.

After the hours of trading, Visa shares initially fell by just under two percent.

aar / dpa / Reuters