Apple’s fourth quarter 2021 earnings known: $ 83.4 billion in revenue, $ 20.6 billion in profit

Apple today announced its earnings for the fourth quarter of 2021, which saw revenue of $ 83.4 billion and net income of $ 20.6 billion. Revenue increased nearly $ 20 billion from $ 64.7 billion in the year-ago quarter, while profit increased $ 7.9 billion over the same period.

This was Apple’s highest revenue ever for the September quarter. Mac and services sales also hit all-time highs. This is despite the fact that Apple didn’t launch any new Macs in the quarter. IPad sales also saw healthy growth of 21 percent from $ 6.79 billion in the fourth quarter of 2020 to $ 8.25 billion. Revenue from Apple’s services business reached an all-time high of $ 18.27 billion, compared to $ 14.54 billion in the year-ago quarter.

For the full fiscal year that ended in September, Apple recorded sales of $ 365.8 billion and profits of $ 94.7 billion, a massive increase from $ 274.5 billion and $ 57.4 billion US dollars in the previous fiscal year. In total, the company has 745 million paying subscribers, an increase of 160 million from last year.

“This year we launched our most powerful products ever, from M1 powered Macs to an iPhone 13 line that sets a new standard of performance and enables our customers to create and create in new ways connect, “said Tim Cook, Apple’s CEO. “We bring our values ​​into everything we do – we are getting closer to our goal for 2030 of being climate neutral in our supply chain and throughout the entire life cycle of our products, and we are constantly promoting our mission to create a fairer future. ”

Apple’s numbers for the quarter are impressive but have been held back by the lack of components. In an interview with CNBC , Tim Cook said the company lost an estimated $ 6 billion in revenue due to supply constraints. For the same reason, Apple expects iPad sales to decline in the December quarter as the chip crisis gets worse. However, sales of other products should continue to grow.


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