The quick take-away from Apple’s Q4 earrings is: record Mac revenue while iPhone revenue is down 20%.
Despite the tough iPhone quarter, revenue was a record for the company’s fourth fiscal quarter, at $64.7B. iPhone revenue was $26.8B, down 20% year over year. Mac revenue was $9B, up 29%. iPad revenue was $6.8B, up 46%. Services revenue was $14.5B, up 16%. And Wearables revenue was $7.9B, up 20.8%.
Obviously the huge wave of workers staying home to work during the pandemic has been a boon to Apple’s bottom line. It’s also so interesting to see the huge growth in Apple services — 14 and a half billion is significant by any metric.
Lastly, it shows how diversified Apple’s financials are getting that iPhone revenue could be down 20 percent year-over-year but the company had record revenue for the quarter overall. A few years ago that was unimaginable.
Check out the charts at Six Colors.