Now that the year 2021 has come to a close, Apple has finally released its financial report for the fourth quarter of 2021, which ran from October to December. The Cupertino behemoth’s financial results for the holiday season were spectacular, with considerable increases in both operating profits and revenue.
Apple’s revenue increased by 11% to $123.95 billion in Q4 2021, while the company’s net income improved by 20% to $34.63 billion. The growth in each of Apple’s product categories, including iPhones, Mac computers, wearables, smart speakers, and other accessories, was responsible for the skyrocketing numbers. Only the iPads performed poorly as compared to the previous year.
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People are still locked in their houses throughout the world, dependent on virtual means of contact, employment, and entertainment, which appears to be bringing in revenues for internet corporations. Tim Cook, Apple’s CEO, emphasises this by saying:
We’re encouraged by the positive feedback we’ve received from clients all across the world, especially at a time when being connected is more crucial than ever. We’re doing everything we can to make the world a better place.
The company’s long-term aspirations to become carbon-neutral across its entire supply chain and goods by 2030 were also discussed by the executive.