Apple Q4 2021 Sets September Quarter Revenue Record of $83.4 Billion

Apple announced on Thursday its Q4 2021 earnings, resulting in record revenue for the quarter ended on September 25, 2021, with $83.4 billion, an increase of 29% year-over-year.

“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,” said Tim Cook, Apple’s CEO.

“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,” added Cook.

“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,” added 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,” said Maestri.

Apple saw net income of $20.5 billion for the quarter. Here’s a breakdown of revenue by products and services:

  • iPhone: $38.8 billion
  • Mac: $9.1 billion
  • iPad: $8.2 billion
  • Wearables, Home and Accessories: $8.7 billion
  • Services: $18.2 billion

Apple says it now has 745 million paid subscriptions across its services.

Apple has declared a cash dividend of $0.22 per share of the company’s common stock, payable on November 11, 2021, to those holding the stock as of the close of business on November 8.

Tim Cook says supply chain woes cost the company $6 billion in sales during its fourth quarter, noting the impacts will get worse for the holiday period.

Cook told Reuters impacts have now affected “most of our products,” due to “larger than expected supply constraints.”

“We’re doing everything we can do to get more (chips) and also everything we can do operationally to make sure we’re moving just as fast as possible,” said the Apple CEO to Reuters.

“Most of what we design are leading-edge (chip manufacturing) nodes, but all of the products have some legacy node components in them as well. And so that (shortage) continues into (fiscal) Q1, and we’ll see what it looks like beyond that. It’s very difficult to call,” explained Cook.

…developing, more to follow