Things are still not quite up to par, as far as availability and shipping is concerned with a range of products, but that doesn’t stop companies from releasing new products. Apple, for instance, kept things pretty standard through the end of 2021, and, unsurprisingly, it still worked out pretty well for the company that continues to rake in money on a regular basis.
On Thursday, October 28, 2021, Apple officially announced its fourth fiscal quarter earnings results. All told, the company confirmed it had brought in $83.4 billion in revenue, with $20.5 billion in profit for the quarter starting in July and ending in September of this year. That is a 29% increase year-over-year.
To compare, in the fourth quarter of last year, Apple brought in $64.7 billion.
From today’s announcement:
Apple today announced financial results for its fiscal 2021 fourth quarter ended September 25, 2021. The Company posted a September quarter revenue record of $83.4 billion, up 29 percent year over year, and quarterly earnings per diluted share of $1.24.
As per usual, Apple’s CEO, Tim Cook, weighed in on the results:
This year we launched our most powerful products ever, from M1-powered Macs to an iPhone 13 lineup that is setting a new standard for performance and empowering our customers to create and connect in new ways. We are infusing our values into everything we make — moving closer to our 2030 goal of being carbon neutral up and down our supply chain and across the lifecycle of our products, and ever advancing our mission to build a more equitable future.
And the company’s CFO, Luca Maestri, also had some thoughts:
Our record September quarter results capped off a remarkable fiscal year of strong double-digit growth, during which we set new revenue records in all of our geographic segments and product categories in spite of continued uncertainty in the macro environment. The combination of our record sales performance, unmatched customer loyalty, and strength of our ecosystem drove our active installed base of devices to a new all-time high. During the September quarter, we returned over $24 billion to our shareholders, as we continue to make progress toward our goal of reaching a net cash neutral position over time.
Apple continues to bring in a lot of money, despite all of the problems related to shipping, hardware shortages, and the ongoing coronavirus pandemic. Last quarter, for instance, the company brought in $81.4 billion in revenue.
Here’s how it breaks down:
- iPhone: $38.87 billion, a 47 percent YOY increase
- iPad: $8.25 billion, a 21 percent YOY increase
- Mac: $9.18 billion, a 1.6 percent YOY increase
- Services: $18.28 billion, a 25.6 percent YOY increase
- Wearables, Home, and Accessories: $8.76 billion, an 11.5 percent YOY increase
Another great quarter for Apple, and it will probably only get better with the holiday shopping season coming up.