The ups and downs of Apple’s revenue, earnings per share, iPhone sales, services and wearables.
Apple missed consensus estimates pretty much across the board and was quickly punished in after-hours trading. In fact, 30 minutes before the news hit the wires the stock had given up all of the days gains and more. (Memo to SEC: How does that happen?]
In prepared remarks during the conference call, Tim Cook wasted no time citing supply chain constraints. Then he wasted my tellings me things I already knew for 13 minutes over what sounded like a weak iPhone connection.
From the press release:
Apple today announced financial results for its fiscal 2021 fourth quarter ended September 25, 2021. The Company posted a September quarter revenue record of $83.4 billion, up 29 percent year over year, and quarterly earnings per diluted share of $1.24.
“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 Tim Cook, Apple’s CEO. “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.”
“Our record September quarter results capped off a remarkable fiscal year of strong double-digit growth, during which we set new revenue records in all of our geographic segments and product categories in spite of continued uncertainty in the macro environment,” said Luca Maestri, Apple’s CFO. “The combination of our record sales performance, unmatched customer loyalty, and strength of our ecosystem drove our active installed base of devices to a new all-time high. During the September quarter, we returned over $24 billion to our shareholders, as we continue to make progress toward our goal of reaching a net cash neutral position over time.”
Apple’s board of directors has declared a cash dividend of $0.22 per share of the Company’s common stock. The dividend is payable on November 11, 2021 to shareholders of record as of the close of business on November 8, 2021.
Jason Snell has a transcript of the earnings call.
Below: The five charts. Click the second column to see year-over-year growth. (Not seeing the charts? Try the website.)