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Apple (AAPL) Reports In-Line Q4 EPS, Revs Miss

October 28, 2021 4:30 PM

Apple (NASDAQ: AAPL) reported Q4 EPS of $1.24, in-line with the analyst estimate of $1.24. Revenue for the quarter came in at $83.4 billion versus the consensus estimate of $84.85 billion.

iPhone sales in the quarter were $38.868 billion, versus $26.444 billion last year. Services revenue was $18.277 billion, versus $14.549 billion last year.

“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.”

For earnings history and earnings-related data on Apple (AAPL) click here.


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