diff --git a/package/python-schedule/python-schedule.hash b/package/python-schedule/python-schedule.hash
index 3d67be0f5e..59c84c2002 100644
--- a/package/python-schedule/python-schedule.hash
+++ b/package/python-schedule/python-schedule.hash
@@ -1,5 +1,5 @@
 # md5, sha256 from https://pypi.org/pypi/schedule/json
-md5  9bf7544e37824e450457187633a17b17  schedule-1.1.0.tar.gz
-sha256  e6ca13585e62c810e13a08682e0a6a8ad245372e376ba2b8679294f377dfc8e4  schedule-1.1.0.tar.gz
+md5  ecb436a797e1a149bac4643330b268ca  schedule-1.2.1.tar.gz
+sha256  843bc0538b99c93f02b8b50e3e39886c06f2d003b24f48e1aa4cadfa3f341279  schedule-1.2.1.tar.gz
 # Locally computed sha256 checksums
 sha256  30a8352c318ce1b645acde0299697342d4380ed2637d7ca18a8ad25661e3b41b  LICENSE.txt
diff --git a/package/python-schedule/python-schedule.mk b/package/python-schedule/python-schedule.mk
index fc6081cf22..11be2e49d4 100644
--- a/package/python-schedule/python-schedule.mk
+++ b/package/python-schedule/python-schedule.mk
@@ -4,9 +4,9 @@
 #
 ################################################################################
 
-PYTHON_SCHEDULE_VERSION = 1.1.0
+PYTHON_SCHEDULE_VERSION = 1.2.1
 PYTHON_SCHEDULE_SOURCE = schedule-$(PYTHON_SCHEDULE_VERSION).tar.gz
-PYTHON_SCHEDULE_SITE = https://files.pythonhosted.org/packages/a8/b5/a291a4c0faa491fd5baefa6d89011ece581cff47b23c0a39b42a63383358
+PYTHON_SCHEDULE_SITE = https://files.pythonhosted.org/packages/29/22/9dd374cbf76a42ece1f1f41cc8f4957f0ad512577372527cd3dd52758241
 PYTHON_SCHEDULE_SETUP_TYPE = setuptools
 PYTHON_SCHEDULE_LICENSE = MIT
 PYTHON_SCHEDULE_LICENSE_FILES = LICENSE.txt