Categories AlphaGraphs, Earnings, Technology
Earnings: Apple (AAPL) Q4 revenue jumps 29% on strong iPhone sales but misses estimates
Apple Inc. (NASDAQ: AAPL) on Thursday reported strong revenue and earnings growth for the fourth quarter of 2021, driven by impressive sales of iPhone, the company’s flagship product that accounts for nearly half of its sales, and continued expansion of the services business. The top line missed analysts’ forecasts, while earnings matched.
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.
Prior Performance
_________________________________________________________________________________________________________________
Stocks you may like:
International Business Machines Corp. (IBM) Stock
_________________________________________________________________________________________________________________
Most Popular
Adobe (ADBE) Q2 adjusted earnings rise on higher revenues
Adobe Inc. (NASDAQ: ADBE) on Thursday reported an increase in revenue and adjusted profit for the second quarter of 2025, amid continued growth in its subscription-based business. The design software
ORCL Earnings: Highlights of Oracle’s Q4 2025 financial report
Technology giant Oracle Corporation (NYSE: ORCL) has reported higher revenues and adjusted earnings for the fourth quarter of 2025. Total revenues increased to $15.9 billion in the May quarter from
Key highlights from Chewy’s (CHWY) Q1 2025 earnings results
Chewy, Inc. (NYSE: CHWY) reported its first quarter 2025 earnings results today. Net sales of $3.12 billion increased 8.3% year-over-year. Net income decreased 6.7% to $62.4 million compared to last