Apple posted $83.4 billion in revenue for its fourth quarter of 2021, leading to a $20.5 billion profit, missing Wall Street expectations, but still showing strong growth along its assorted product categories.
The company published its Q4 2021 earnings on Thursday shortly before a call with investors. Apple’s $83.4 billion in revenue represents year-over-year growth of 29 percent for the period ending in September, with this quarter’s earnings per share calculated at $1.24.
Analysts were expecting Apple to report revenue of $85 billion and earnings-per-share of $1.23.
Apple’s gross margins have grown to 42.2 percent, up from 38.2 percent in the fourth quarter of 2020.
Revenue from iPhone sales reached $38.9 billion in Q4, a hefty increase from the $26.4 billion it earned in 2020. The tech giant’s iPad revenue has also risen 21 percent to $8.3 billion. Mac revenue was nearly flat, but managed to eke out an all-time record of $9.2 billion for the fourth quarter.
Services reached a new peak, hitting $8.8 billion in revenue, and representing 26 percent year-over-year growth. The Wearables, Home, and Accessories segment rose 11 percent from Q4 2020, reaching $8.8 billion.
Full year sales hit $365.8 billion, up 33 percent from 2019’s $274.5 billion.
As has been the case since the pandemic, it is unknown if Apple beat its own expectations, since it didn’t provide guidance for the fourth quarter. Guidance for the first quarter of 2022 is not expected, though CEO Tim Cook and CFO Luca Maestri will likely offer commentary on the coming period during today’s earning conference call.
Stay tuned for additional details as they become available.
Via AppleInsider