Apple's fourth-quarter 2021 earnings record record highs but face supply limits

Apple has announced its fourth quarter (July-September) financial results for 2021. Overall revenue was $ 83.36 billion, up 29% year-on-year, and each division also performed well, recording the highest revenue in Apple's history. Due to supply constraints, analysts' expectations were lower.

Apple Reports Fourth Quarter Results-Apple

Apple (AAPL) Q4 2021 earnings
https://www.cnbc.com/2021/10/28/apple-aapl-q4-2021-earnings.html

Despite huge iPhone sales, Apple misses the mark in Q4 earnings report | Ars Technica
https://arstechnica.com/gadgets/2021/10/despite-huge-iphone-sales-apple-misses-the-mark-in-q4-earnings-report/

Apple Silicon drives year of record-breaking Mac revenue | AppleInsider
https://appleinsider.com/articles/21/10/28/apple-silicon-drives-year-of-record-breaking-mac-revenue

Apple's sales in the fourth quarter of 2021 increased 29% year-on-year to $ 88,360 million. The breakdown of sales is that the product division increased 29% year-on-year to 65.08 billion dollars (about 7.4 trillion yen), and the service division increased 26% year-on-year to 18.28 billion dollars (about 2.1 trillion yen). 100 million yen). The breakdown of the product division is that the iPhone increased 47% year-on-year to 38.87 billion dollars (about 4.4 trillion yen), and the Mac increased 2% year-on-year to 9.18 billion dollars (about 1.4 trillion yen). (100 million yen), iPad increased 21% year-on-year to 8.25 billion dollars (about 940 billion yen), wearable home accessories increased 12% year-on-year to 8.79 billion dollars (about 1 trillion yen) )is.

However, it fell short of analysts' expectations of $ 84.85 billion in overall revenue and $ 41.51 billion in iPhone revenue. In this regard, CEO Tim Cook said, 'There was a supply problem.' This is not a global semiconductor shortage that is affecting not only the IT industry but also the automobile industry, but it is a chip on a legacy node.

Other than the iPhone, the service business, including music and video subscriptions, advertising, and licensing, has grown significantly, with revenues of $ 18.28 billion, according to Cook. The growth of 25% over the previous year was higher than expected. The number of subscribers increased by 160 million year-on-year to 754 million, a five-fold increase over five years.

Please note that this financial result does not include the figuresfor the iPhone 13 series released in September 2021.