Apple Inc. Earnings Report (Q4 2021)

Apple’s earnings report misses estimates due to supply chain issues, according to CEO Tim Cook.
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Apple’s Q4 2021 financial results have been announced, with most areas missing analyst expectations due to supply chain issues.

  • Total revenue came in at $83.36 billion, vs $84.85 billion expected. This gives a growth of 29% year on year.
  • Revenue from iPhone was $38.86 billion (vs $41.51 billion expected), an increase of 47% year on year.
  • Mac revenue figures were $9.17 billion, with analysts expecting $9.23 billion (up 1.6% year on year).
  • Revenue from iPad was $8.25 billion (vs $7.23 billion expected), an increase of 21.4% year on year.
  • Diluted earnings per share was $1.24, which is the same figure analysts were expecting.

Apple CEO, Tim Cook, has said:

“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,”

“We are infusing our values into everything we make — moving closer to our 2030 goal of being carbon neutral up and down our supply chain and across the lifecycle of our products, and ever advancing our mission to build a more equitable future.”

Supply chain issues were blamed for the missed estimates, with Cook saying:

“So we finished about a month of the quarter, the COVID related manufacturing disruptions have improved greatly. The chip shortages linger on..”

Shares of Apple Inc. fell 3.7% ($5.85) after hours on Thursday, trading at around $147.

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