Today, Apple announced another lucrative quarter with $83.4 billion revenue in the fourth quarter of 2021 with 29% Y-o-Y growth and quarterly earnings per diluted share of $1.24.The company saw growth across products and services.
Despite launching new products in the year of the COVID-19 pandemic with a low buying trend, Apple recorded $64.7 billion in Q4, 2020. With 41 percent of revenue accounted for sales in the United States and 59 percent accounted for international sales, Mac and Services saw all-time high record sales.
Therefore, Apple’s CEO Tim Cook credits the success of Q4, 2021 to the company’s strong hardware upgrade cycle with the new iPhone 13, MacBook Pro, AirPods, and other products.
“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.”
With iPhone generating the highest sales revenue, Apple’s sales in China grew over 50% in Q4, 2021
In addition iPhone 12 series with 5G network support, this year Apple launch four new 5G models with iPhone 13 series. The new flagship series does not only offer high-speed connectivity, Apple also introduced processor and camera upgrades across the series. The inclusion of new products boosts the company’s sales in the fourth quarter of 2021, ending on September 25.
- iPhone – $38, 868 million
- Mac – $9,178 million
- iPad – $8, 252 million
- Wearables, Home and Accessories – $8,785 million
- Services – $18,277 million
Sales in China saw the most growth, from $7,946 in Q4 2020 to $14,563 in Q4, 2021. For the same quarter the previous year, the company recorded the following sales revenue:
- iPhone – $ 26,444
- Mac – $ 9,032
- iPad – $ 6,797
- Wearables, Home and Accessories – $ 7,876
- Services – $ 14,549
Luca Maestri, Apple’s CFO said:
“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.”
Financial analysts predict that the new MacBook Pro and AirPod 3 will boost Cupertino tech giant’s sales significantly; making the January quarter 2022, its best holiday sales quarter.