Apple has set a new revenue record despite the lack of a global chip
Apple released its fourth quarter earnings report for 2021 on Thursday, setting a new revenue record for the last quarter of 2021. Which is mainly due to the high sales of iPhone 13. despite the ongoing problems caused by the global chip shortage, the American tech giant has generated $ 123.9 billion in revenue for the quarter ended December 25, 2021. The company recorded a significant increase in revenue from $ 111.4 billion in the same quarter last year.The company's profit reached $ 34.6 billion, an increase of $ 6 billion over the previous year. This is also the first time that Apple has reached over $ 30 billion in revenue. The iPhone 13, along with other existing models such as the SE, brought the company $ 71.6 billion, up from $ 65.6 billion in the same period last year. Macs, with Apple's new M1 chips, performed well in terms of sales, generating $ 10.9 billion in revenue, up from $ 8.7 billion last year. The company's wearable, home and kitchen gadgets also saw revenue rise from $ 12.9 billion to $ 14.7 billion.
The only product that declined in revenue from last year was the iPad. With revenue of $ 7.3 billion, down from $ 8.4 billion last year. "We are delighted to see this level of customer acceptance around the world, which has set a record for our corporate revenue," said Apple CEO Tim Cook, referring to the corona pandemic situation. Speaking after the results, he said he expected supply restrictions to ease in the current quarter, adding that Apple's supply chain was actually performing very well given the shortcomings. despite the corona pandemic and the problems the virus has created for tech companies, Apple made that money during the pandemic era because the tech giant's gadgets and services were in high demand. Regarding the company's services, it should be said that Apple has earned $ 19.2 billion from its services, which has experienced a huge growth of 21.7% compared to last year.
Master said that while Apple expects to achieve huge annual revenue growth and increase its quarterly record to the end of March, he The company expects to have lower revenue than in the last quarter due to the release date of new iPhones and exchange rate fluctuations. Apple's record-breaking revenue was partly due to sales of the company's products in China; Analysts at Counterpoint Research say the iPhone has recently become the best-selling smartphone on the market for the first time in six years, with 23% market share and 32% annual growth.
Source: Digitaltrends
