Apple fourth quarter results: total revenue of $83.4 billion, a year-on-year increase of 29%

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Apple recently released its financial report for the fourth fiscal quarter of 2021. It recorded record-breaking revenue in the services and Mac divisions. The total revenue was $83.4 billion, a year-on-year increase of 29%.

In a recent interview, Apple CEO Tim Cook said that supply chain problems in this fiscal quarter limited revenue, and Apple also expects supply chain problems to cause greater losses in the December quarter. In fact, as early as July this year, Apple had warned that the revenue of iPhone and iPad in the September quarter would be affected by continuing supply chain issues.

Macbook Mini LED

“We had a very strong performance despite larger than expected supply constraints, which we estimate to be around $6 billion,” Cook told CNBC’s Josh Lipton. “The supply constraints were driven by the industry wide chip shortages that have been talked about a lot, and COVID-related manufacturing disruptions in Southeast Asia.”

Apple has recently launched many new products, including the well-known iPhone 13, 13 Pro, the new iPad Mini and iPad, and more recently, the MacBook Pro equipped with Apple’s own chips. Although the new generation of iPhone was only released at the end of the last quarter, the iPhone business also has a strong growth momentum, with year-on-year revenue growth of 47% and a total of $41.51 billion, the iPad revenue also recorded a year-on-year increase of 21%, with revenue reaching $7.23 billion.

As for other businesses, Apple’s service revenue reached $17.6 billion, an increase of 25.6% year on year, but Mac revenue only increased by 1.6% year on year, from $9.18 billion to $9.23 billion.

Although Apple also expects that the supply chain situation in December will be more severe, Tim Cook is confident that it can record good year-on-year revenue growth in the December quarter, and also believes that the December quarter revenue will be the largest in Apple’s history.

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