Apple’s Q4 2021 Results
Apple (Hacker News, MacRumors, TidBITS):
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.
[…]
“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,” said Luca Maestri, Apple’s CFO. “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.”
iPhone sales were $38.9 billion, up 47% versus the year-ago quarter. It was a very good year for the iPhone business. Services were $18.3 billion, continuing their relentless growth pace at 26% above the year-ago quarter.
Wearables sales were $8.8 billion, up 12% versus the year-ago quarter. That’s a good number out of context, but actually the slowest year-over-year growth rate for the category in almost five years.[…]
iPad sales were $8.3 billion, up 21% versus the year-ago quarter. The iPad business has averaged almost $8B in sales per quarter over the last year. We’ve seen six straight quarters of year-over-year growth for the iPad, 10 of 12, and 14 of 18.
Mac sales were $9.2 billion, up 2% versus the year-ago quarter. […]
Apple today reported Mac revenue of $9.17 billion in the fourth quarter of its 2021 fiscal year, which is an all-time quarterly revenue record for Macs. Apple CEO Tim Cook said there was “strong demand” for the M1 MacBook Air in particular.
Apple today reported services revenue of $18.27 billion in the fourth quarter of its 2021 fiscal year, which is an all-time quarterly revenue record. The company’s services revenue was up around 25% from $14.54 billion in the year-ago quarter.
Microsoft now sits at a market value of $2.46 trillion, while Apple stands at $2.43 trillion. Apple’s drop in market value follows what Wall Street analysts and experts call disappointing quarterly earnings results yesterday, despite solid growth in product categories.
Previously:
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Profits up 50% from a year ago, slightly better than analysts expected. Revenue 1% lower than analyst guess (without guidance, supply constrained). This is what Wall Street calls "disappointing earnings".
Revenue may go down:
https://9to5mac.com/2021/11/03/craig-federighi-keynote-side-loading-speech/
The DMA in Europe would force Apple to allow sideloading on the iPhone, among other changes.
Good news from the EU!
(Federighi's safety argument is complete and utter bollocks from a technical standpoint. Indeed, some actual heat might actually improve Apple's security if they still want security to be a selling point. Fewer zero-days (aka bugs) people like the Pegasus group can exploit).
