Become a MacRumors Supporter for $25/year with no ads, private forums, and more!

MacRumors

macrumors bot
Original poster
Apr 12, 2001
56,982
19,828


Apple today reported its earnings results for the fourth quarter of 2021, which corresponds with the first quarter of the 2022 fiscal year. Overall, Apple reported revenue of $123.9 billion, which is an all-time quarterly record for the company.

apple-lineup-except-the-ipad-is-sad.jpeg

On a category-by-category basis, Apple also set all-time quarterly revenue records for the iPhone, Mac, Wearables, and Services:
  • iPhone: $71.6 billion, up from $65.5 billion in the year-ago quarter
  • Mac: $10.8 billion, up from $8.6 billion in the year-ago quarter
  • Wearables, Home, and Accessories: $14.7 billion, up from $12.9 billion in the year-ago quarter
  • Services: $19.5 billion, up from $15.7 billion in the year-ago quarter
Wearables, Home, and Accessories includes the Apple Watch, Apple TV, HomePod mini, iPod touch, AirPods, Beats headphones, accessories, and more. Services includes the App Store, Apple Music, Apple Arcade, Apple TV+, Apple Fitness+, iCloud, and more.

iPad revenue was $7.2 billion for the quarter, down from $8.4 billion in the year-ago quarter. Speaking on Apple's earnings call, Apple CEO Tim Cook said iPad supply was "significantly" constrained during the quarter. Cook forecasted that the supply constraints for the iPad and other products will begin to improve during the March quarter.

"This quarter's record results were made possible by our most innovative lineup of products and services ever," said Cook. "We are gratified to see the response from customers around the world at a time when staying connected has never been more important. We are doing all we can to help build a better world — making progress toward our goal of becoming carbon neutral across our supply chain and products by 2030, and pushing forward with our work in education and racial equity and justice."

For more coverage of Apple's earnings results, follow along with our live blog.

Article Link: Apple Reports All-Time Quarterly Revenue Records for iPhone, Mac, Wearables, and Services
 
Last edited:
  • Like
Reactions: appltech

IamTimCook

macrumors regular
Dec 13, 2016
191
472
Was sure there were articles saying suppliers are having to cut iPhone orders because of low demand. ??
 

dumastudetto

macrumors 601
Aug 28, 2013
4,111
5,397
Mind blowing the numbers this leadership continues to deliver investors. Customers seem off-the-charts satisfied with the value they get from Apple too. A win-win situation for everyone.
 
  • Like
Reactions: citysnaps

erikkfi

macrumors 6502
May 19, 2017
353
1,160
Most of the people who are here to enjoy Apple's latest record-breaking quarter won't want to hear this, but this services figure is ground zero for Apple's unfair competitive advantage. Apple can advertise Music by putting a notification bubble on the Settings app, while Deezer has to pay Apple for ads in the App Store. Services is as close to pure profit as Apple gets, and those advantages make customer acquisition relatively cheap.
 

szw-mapple fan

macrumors 68030
Jul 28, 2012
2,757
3,087
Apple could pay every employee 140$ an hour and still be a billion dollar company.
And still have more than $20 billion left! This is crazy numbers.

$34.6 billion profit - 154000 employees x $140 x 8 hours x (90/7x5 work days) is roughly $23 billion. They can pay about $435/h on top of current salaries before going negative. o_O
 
  • Like
Reactions: UnbreakableAlex

ellsworth

macrumors 6502a
Jun 13, 2007
881
203
The correction we've been experiencing here in the US is pretty much a discount for Apple Stock. I hope you all stocked up because tomorrow will be a launch to the moon.
 

Mr. Dee

macrumors 68040
Dec 4, 2003
3,914
6,546
Jamaica
The reason why the iPad suffered was because users were looking for an updated Air with the latest A series in fall 2021. But we see the strategy, Apple was saving that update for the spring. So, expect to see iPad sales up for the second quarter results.
 

Relentless Power

macrumors Westmere
Jul 12, 2016
37,607
42,264
In 1997, Michael Dell said he'd shut down Apple and give the money back to the shareholders. Apple's Mac revenue, for just this one quarter, now exceeds Dell's entire revenue in 1997.
In fairness, what Michael was doing, was purposely downplaying Apple, because Dell was king, and that was also during the era of the Steve Jobs-Apple drama. So I think there’s a lot that played into that comment. I mean, the same could be said about what Steve Ballmer was doing. I don’t think anybody envisioned Apple to be the company that it is today from what it was back then.
 

CrispyApple54

Suspended
Dec 2, 2021
15
41
Most of the people who are here to enjoy Apple's latest record-breaking quarter won't want to hear this, but this services figure is ground zero for Apple's unfair competitive advantage. Apple can advertise Music by putting a notification bubble on the Settings app, while Deezer has to pay Apple for ads in the App Store. Services is as close to pure profit as Apple gets, and those advantages make customer acquisition relatively cheap.
You aren’t required to use Apple services or buy an iPhone. This isn’t the local electric company.

It’s like getting mad at Disney for only selling Disney content. Vertical integration is a completely legal and normal thing all companies try to do. None do it better than Apple.
 
  • Like
Reactions: coachingguy

erikkfi

macrumors 6502
May 19, 2017
353
1,160
You aren’t required to use Apple services or buy an iPhone.
I’m glad the regulatory agencies don’t use the standard of “are you required to use the company’s services or buy their products” when making these decisions.

Also my local electric company has no competition, so if that is the standard, where’s the cavalry?!
 

Wanted797

macrumors 65816
Oct 28, 2011
1,227
2,441
Australia
I work for a company that just feels huge here in Australia.

Our annual revenue is around $20b USD
It’s mind boggling Apple triples that… just on iPhones… in one quarter.
 
Register on MacRumors! This sidebar will go away, and you'll see fewer ads.