APPLE NEWS

$ 83.4 billion in revenue, $ 20.6 billion in profit


Apple today announced its earnings in the fourth quarter of 2021 in which it managed to generate revenue of $ 83.4 billion and net profit of $ 20.6 billion. Revenue rose nearly $ 20 billion from $ 64.7 billion over the same period last year, while profit increased by $ 7.9 billion over the same period.

This was Apple’s largest ever recorded revenue for the September quarter. Revenue from Macs and services also reached the highest level of all time. This is despite the fact that Apple did not launch any new Mac this quarter. IPad revenue also recorded a healthy 21 percent growth from $ 6.79 billion in the fourth quarter of 2020 to $ 8.25 billion. Apple’s service business revenue reached a record $ 18.27 billion, up from $ 14.54 billion last quarter.

For the full fiscal year ended September, Apple recorded revenue of $ 365.8 billion and profit of $ 94.7 billion, up significantly from $ 274.5 billion and $ 57.4 billion in the previous fiscal year. years. In total, the company has 745 million paid subscribers, which is 160 million more compared to the same period last year.

“This year, we launched our most powerful products ever, from the M1 Mac to the iPhone 13 line that sets a new standard for performance and empowers our customers to create and connect in new ways,” said Tim Cook, Apple’s CEO. “We bring our values ​​into everything we do – we are approaching our 2030 goal of being carbon-carbon neutral up and down through our supply chain and through the life cycle of our products, and we are constantly advancing our mission to build a fairer future.”

While Apple’s numbers for this quarter are impressive, they are hampered by a lack of components. In an interview with CNBC, Tim Cook said the company is estimated to have lost about $ 6 billion in revenue due to supply constraints. For the same reason, Apple expects iPad sales to fall in the December quarter, as the chip decline will be even worse. However, further growth in sales of other products is expected.

[Via Apple]





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Naveen Kumar

Friendly communicator. Music maven. Explorer. Pop culture trailblazer. Social media practitioner.

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