The Strategist

Apple reports record fourth quarter revenues

10/29/2021 - 08:15

2021 fourth quarter revenue of Apple rose 29% year-on-year to a record $83.3 billion, with net income for the period climbing to $20.5 billion, according to its filings. Diluted earnings per share (based on 16 million shares) was $1.24, compared to $0.73 a year earlier.

Apple's revenue from iPhone sales increased nearly 1.5 times in the fourth quarter, reaching $38.8 billion. Revenue from iPad tablet sales increased 21% to $8.25 billion and Mac sales totaled $9.17 billion.

For the fiscal year ended September 25, Apple had total revenue of $365.8 billion, a 33.2% increase over the previous fiscal year ($274.5 billion). Its net income for the year rose 63.7% to $94.6 billion, with diluted earnings per share of $5.61 compared to $3.28 for fiscal 2020.

Apple held its first presentation of the year on September 14, where it presented a new generation of smartphone iPhone - iPhone 13 and iPhone 13 mini models, iPad and iPad mini tablets, as well as the Apple Watch Series 7.