Apple Reports 4Q 2021 Results: $20.6B Profit on $83.4B Revenue
Apple today announced financial results for the fourth fiscal quarter of 2021, which corresponds to the third calendar quarter of the year.
For the quarter, Apple posted revenue of $83.4 billion and net quarterly profit of $20.6 billion, or $1.24 per diluted share, compared to revenue of $64.7 billion and net quarterly profit of $12.7 billion, or $0.73 per diluted share, in the year-ago quarter.
Apple's revenue figure was a September quarter record and Mac and Services both set all-time records, but Apple's performance was only roughly in line with analyst expectations and was almost certainly held back by component shortages that have led to lengthy shipping estimates for many products.
Gross margin for the quarter was 42.2 percent, compared to 38.2 percent in the year-ago quarter. Apple also declared a quarterly dividend payment of $0.22 per share, payable on November 11 to shareholders of record as of November 8.
For the full fiscal year, Apple shattered company records with $365.8 billion in sales and $94.7 billion in net income, up from $274.5 billion in sales and $57.4 billion in net income for fiscal 2020.
“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.”
As has been the case for well over a year now, Apple is once again not issuing guidance for the current quarter ending in December.
Apple will provide live streaming of its fiscal Q4 2021 financial results conference call at 2:00 pm Pacific, and MacRumors will update this story with coverage of the conference call highlights.
*Conference call starts at 2:00 p.m. Pacific - No need to refresh*
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Tag: earnings
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