Apple Records US$83.4 Billion In Revenue In Fiscal Q4 2021

Apple Inc. (Nasdaq: AAPL) released on Thursday its financial statements for fiscal Q4 2021 ending September 25, 2021. The results highlighted a quarterly revenue of US$83.4 billion, marginally missing the average revenue estimate of analysts.

The topline figure, however, is an increase from fiscal Q4 2020’s revenue of US$64.7 billion. Breaking it down, iPhone sales contributed US$38.9 billion; Mac sales, US$9.2 billion; iPad sales, US$8.3 billion; wearables, home, and accessories sales, US$8.8 billion; and sales services added US$18.3 billion.

“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 Apple CEO Tim Cook.

Gross margin for the quarter came in at 42.8%, compared to 38.2% for the same comparable period last year. Further down, the tech giant recorded a net income of US$20.6 billion, up from last year’s US$12.7 billion. The quarterly net income translates to US$1.24 earnings per share.

“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,” added Apple CFO Luca Maestri. The company’s board declared a cash dividend of US$0.22 per share.

At the end of the quarter, the firm’s cash and cash equivalents balance is at US$34.9 billion, putting the balance of the current assets at US$134.8 billion. Meanwhile, current liabilities came in at US$125.5 billion.

Apple last traded at $152.57 on the Nasdaq.

Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

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