Yesterday, Apple released its financial results for the fourth quarter ending September 25, 2021.
The Company posted a September quarter revenue record of $83.4 billion, up 29 percent year over year, and quarterly earnings per diluted share of $1.24. They announced quarterly dividends of $0.22USD per share.
| iPhone | $38,868 million | (up 47%) |
| Mac | $9,178 million | (up 1.6%) |
| iPad | $8,252 million | (up 21.4%) |
| Wearables, Home and Accessories | $8,785 million | (up 11.5%) |
| Services | $14,549 million | (up 25.6%) |
| Total Net Sales | $83,360 million | (up 28.8%) |
CEO Tim Cook explained that because of supply constraints the Total Net Sales were down about $6 billion from what they otherwise would have been. Macworld has the story:
Six. Billion. Dollars. That’s cash that Apple’s customers slapped on the table in the last three months, saying “shut up and take my money“… and were denied. Because Apple just didn’t have the products available to sell. That record $83.4 billion quarter should’ve been a record $89.4 billion quarter, but for all the woes in the international supply chain. And here’s the scarier part: it’s going to get worse before it gets better.
“What we’re saying is that the nominal amount of supply constraints for Q1, we estimate to be larger than $6 billion,” Cook said. “And so it’s important to know that we’re getting a lot more supply in Q1 than we had in Q4, obviously because our sequential growth is significant and we have very solid growth year over year. And so the amount of supply is growing dramatically, it’s just that the demand is so robust that we envision having supply constraints for the quarter.”
Jason Snell has some preliminary graphs, and don’t miss the revenue overview in his fun with charts post.