Apple's record $83.4B Q4 misses Wall Street expectations
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Apple earned $83.4 billion in revenue during its fourth fiscal quarter of 2021, missing Wall Street expectations but showing strong growth across its many product categories.
The company published its Q4 2021 earnings on Thursday shortly before a call with investors. Apple's $83.4 billion in revenue represents year-over-year growth of 29% for the period ending in September, with this quarter's earnings per share calculated at $1.24.
Analysts were expecting Apple to report revenue of $85 billion and earnings-per-share of $1.23.
The company's gross margins have reached 42.2%, up from 38.2% in the fourth quarter of 2020.
Revenue from iPhone sales reached $38.9 billion in Q4, a hefty increase from the $26.4 billion it earned in 2020. The tech giant's iPad revenue has also risen 21% to $8.3 billion. Mac revenue was nearly flat, but managed to eke out an all-time record of $9.2 billion for the fourth quarter.
Services also touched all-time highs, hitting $8.8 billion in revenue, which represents 26% year-over-year growth. The Wearables, Home, and Accessories segment has risen 11% from the year prior, reaching $8.8 billion.
Full year sales hit $365.8 billion, up a massive 33% from 2020's $274.5 billion.