The Cupertino-based gadget giant’s fourth-quarter sales increased 29% from last year to $83.4 billion, mainly reflecting a 47% surge in the sales of iPhone and steady growth of its services business. The top-line missed the consensus estimates.
During the September quarter, net profit moved up to $20.55 billion or $1.24 per share from $12.67 billion or $0.73 per share in the fourth quarter of 2020. It was in line with Wall Street’s expectations.
“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’s CEO Tim Cook.
Read management/analysts’ comments on Apple’s Q4 report
Apple’s stock has gained about 16% so far this year and is currently trading close to last month’s peak. It declined on Thursday evening following the announcement, after closing the regular session higher.
