Apple, on January 28, announced its earnings results for Q4 of 2021, which corresponds to the company's first quarter for the 2022 fiscal year. The iPhone 13 maker reported an all-time high for quarterly revenues.
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Apple reported an all-time revenue record of $123.9 billion, up 11 percent year over year. “This quarter’s record results were made possible by our most innovative lineup of products and services ever,” Apple CEO Tim Cook said.
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On a category-by-category basis, the iPhone, Mac, and some other Apple products also set quarterly revenue records.
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Apple raked in over $71.6 billion from the iPhone sales, up from $65.5 billion YoY. The company launched four new iPhone 13 models, namely the iPhone 13 Pro Max, iPhone 13 Pro, iPhone 13, and iPhone 13 mini with improvements in the display, camera, and battery over the iPhone 12 series.
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The Mac lineup also saw significant growth in terms of sales and revenue. Apple generated over $10.8 billion from its Mac sales during the quarter, up from $8.6 billion YoY. Apple launched the MacBook Pro M1 Pro/ M1 Max in two screen sizes, including a 14-inch model. The company's new M1 Pro and M1 Max chip also offer a significant performance boost over Intel and Apple's own M1 chip.
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Wearables and accessories like the Apple Watch Series 7, AirPods Pro, HomePod, etc. generated over $14.7 billion in revenue for Apple, up from $12.9 billion YoY.
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Apple's Services like Apple TV+, Apple Music, Apple Arcade, etc., generated over $19.5 billion in revenue compared to $15.7 billion YoY.
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The only Apple product category that saw a dip in revenue was the iPad, which generated over $7.2 billion for the quarter, down from $8.4 billion.
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The dip in sales could be due to limited supply during the ongoing component shortage. Apple was also rumoured to have shifted some of the common components reserved for the iPhone models, which saw better sales and demand.
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Apple did not specifically mention any details about the India numbers. However, a recent report revealed that the iPhone maker dominated the ultra-premium smartphone segment in India with over a 70 percent market share. The iPhone 12 and the iPhone 11 series boosted Apple's market share in India during the festive sales.
