Apple Q4 2021 Earnings – The Hollywood Reporter

Apple companies, which incorporates Apple TV+, Apple Music, the App Retailer and iCloud, introduced in almost $18.3 billion in income, topping Wall Road expectations, through the fourth fiscal quarter of 2021.

The tech large didn’t disclose the distribution of income or actual variety of subscribers throughout its companies, however Apple CFO Luca Maestri advised analysts final quarter that Apple’s companies division had “greater than 700 million paid subscriptions.”

The fiscal quarter’s companies income represents nearly a 5 % improve from Q3 and a 26 % leap 12 months over 12 months. Whole income for Apple hit $83.4 billion, wanting analysts’ expectations however a rise from final quarter’s reported $81.4 billion. Product gross sales — led by the iPhone — accounted for $65 billion of the corporate’s This fall income.

Throughout the firm’s fall occasion final week, Apple unveiled new MacBook Execs with M1 Professional and M1 Max chips, the third era of AirPods and a less expensive model of Apple Music that’s solely managed by Siri. In September, Apple additionally promoted its iPhone 13 towards beginner {and professional} filmmakers, highlighting the cellphone’s up to date digital camera and video modifying capabilities.

Thursday’s earnings come a month after Apple TV+ landed seven awards on the Emmy Awards, three of which went to its hit sequence Ted Lasso.

“Our document September quarter outcomes capped off a outstanding fiscal 12 months of robust double-digit development, throughout which we set new income information in all of our geographic segments and product classes regardless of continued uncertainty within the macro setting,” Maestri mentioned in a press release on Thursday.

Extra to return.

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