Apple Music made approximately $5 billion revenue in 2021, accounting for 6.4% of Apple's total services revenue 88 million people subscribe to Apple Music as of June 2021 Apple Music has more subscribers than Spotify in the United States, but Spotify has more in Europe and South America Apple Music pays artists on average $0.0076 per listen For the full fiscal year, Apple shattered company records with $365.8 billion in sales and $94.7 billion in net income, up from $274.5 billion in sales and $57.4 billion in net income for fiscal 2020. We have a number of different data points that we use to conclude how strong demand is. Get weekly top MacRumors stories in your inbox. updated about 6 hours ago by Vasiliki Gkatziaki. Install base continues to grow. The policy that you're talking about there's a policy to restrict kids below a certain age to 1 hour on Fri/Sat/Sun each, it's very difficult to see the impact of it on the App Store at this point. The latest news and updates, direct from Apple. 2:33 pm: Q: What are the puts and takes on gross margin to predict for smaller variance than typical seasonality? Net Income Definition Net Income is the total amount of profit earned by a company. The fourth quarter earnings call will provide some insight into the early sales of the new iPhone 13 models and the new iPad options, giving us our first hints into how 2021 sales compared with 2020 sales. Review. Apple today announced financial results for its fiscal 2021 fourth quarter ended September 25, 2021. A selection of quick iOS tips that will make you a lot more time-efficient in the long run. Investor Relations - Apple News and Results Investor Updates Newsroom Apple announces biggest upgrade to App Store pricing, adding 700 new price points December 6, 2022 Apple today announced the most comprehensive upgrade to pricing capabilities since the App Store first launched. That sort of number one on our list. The number of people actually paying on the platform continues to grow double digits so that increases opportunity. 2:40 pm: Q: Big picture theoretical, can you give bigger picture on supply chain philosophically, recalibration needed on supply chain philosophy either from partner perspective or regional perspective? One was the chip shortages that you've heard a lot about. How should we think about portfolio that's available how much revenue is under recurring nature? We're very focused in discussing privacy and security of the App Store with regulators and legislators. The Cupertino giant generated about $55,256 million in annual net profit during fiscal 2019. Please check your download folder. On legacy, we are competing with many companies on supply and it's difficult to forecast when those things will balance. Among companies who have reported forth quarter 2022 results in the Computer . Apple Net Income is relatively stable at the moment as compared to the past year. Active install base of iPhones reached an all-time high. Cook's 2021 compensation was higher than his tech peers. The feedback you've received from advertisers and users, and how it impacted your own ad business, any feedback on that? Not going to predict where it goes. A: Too early to make comments on mix, constrained environment but mix becomes more obvious once supply and demand are balanced. We look at channel orders as well. A: On supply constraints, what we're saying is that the nominal amount of supply constraints will be estimated at more than $6 billion. Depends if we see a way to do something that's differentiated or not. In terms of chip shortage, it's happening on legacy nodes, primarily we buy leading-edge nodes and we're not having issues on leading-edge nodes. Half of customers purchasing Mac and iPad were new to the product. Apple's most powerful Mac will finally shift to Apple silicon. 2:22 pm: Fiscal 2021 was not only a big year for services, but our whole company. Apple's net income from 2008 to 2017 has varied between 6 billion dollars and 53 billion dollars. 2:18 pm: September quarter records in developed and emerging markets. Launched in every product category. September quarter record of $38.9 billion despite supply constraints. 2:25 pm: Opening the call to questions from analysts. We have a very large services business, and very diversified. 2:43 pm: Q: On new app transparency feature, I'm curious. Apple today announced financial results for the fourth fiscal quarter of 2021, which corresponds to the third calendar quarter of the year. How does Apple's Return on Assets benchmark against competitors? Visibility into the aggregate number of subscriptions which Luca covered earlier with 745 million across both Apple-branded and third-party subscriptions. Compare AAPL With Other Stocks From: To: Zoom: 0 20 40 60 80 100 Trailing 12 Months 0 10 20 30 Quarterly Apple refers to revenue as. During the third quarter, which includes late March through late June, the company made several major announcements, including brand new iPad Pros, redesigned 24-inch iMac, AirTags, and a new Apple TV. The Most Beautiful Flower (Season 1): Mexican teen comedy. What we're doing is workign to explain the decisions that we've made that are key to keeping the privacy and security there. Net income can be defined as company's net profit or loss after all revenues, income items, and expenses have been accounted for. We do that region by region. . A: 26% growth rate was better than we expected at the beginning of the quarter. 2:46 pm: Q: Comment about strong demand on products can you give insight on intent on iPhone 13 on upgrades from installed base or switchers, compared to iPhone 12? Science is all about A. 10:30 Take a look at the Cost of Goods Sold and Net Income to price appropriately. The comments aren't funny, they're not witty. New September quarter record with revenue up 29 percent, 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, Apples CEO. Upgrade now. About Apple. This metric boils down to the overall profit that is left from the revenue that a company receives after taking out various operational line items like cost of goods sold, income tax expense, SG&A expense, etc. Shifting to more bundled sale or offering from consumer standpoint, pay one price every month and get all your Apple devices and services. iCloud end-to-end encryption, or what Apple calls "Advanced Data Protection," Due to production issues at Apple supplier factories in China, the iPhone 14 Pro and iPhone 14 Pro Max are backordered and basically out of stock at every store. Fiscal year is February-January. How do you balance regulatory push for more choice vs customer wanting an easier system. The Company posted a September quarter revenue record of $83.4 billion, up 29 percent year over . And reducing our lead and cycle times so as soon as possible it's in a product and shipping. Adding new services that we think our customers will love. 13:44 Create SOPs for all of your deliverables. NASDAQ | 15. 2:19 pm: Now touting enterprise deployment of Apple products. Apple annual net income/loss for 2022 was $99.803B, a 5.41% increase from 2021. The company's current value of Net Income is estimated at 54. . Get the eff over it. Margin was down and same for December. Will all product categories behave similarly? Apple generated $365 billion revenue in 2021, 52% came from iPhone sales Apple Services was the second largest division, responsible for 18% of revenue 230 million iPhones, 71 million iPads and 20 million Mac and MacBook units were sold in 2020 Apple's home and wearables division grew 25% in 2021 New September quarter record, up 29%. Paid accounts grew double digits and reached a new all-time high across all geographic segments. 2:23 pm: Very strong cash flow, returned $24 billion to shareholders in last quarter. Compare AAPL With Other Stocks From: To: Zoom: 0 10 20 30 40 50 60 70 80 90 100 Annual Values In 2018, the worldwide annual revenue of Apply was estimated at around $265 billion. Demand across online store, demand in retail, we look through to backorders on carrier channels. 2:13 pm: We've never viewed our environmental work as a side project. Set records on cloud and across the board, AppleCare, music, video, advertising, payments, App Store. Believed that for decades, not just in the last year. Apple to Announce Q3 2021 Earnings on July 27, Apple to Announce Q1 2022 Earnings on January 27, iPhone 13 Lineup Led Global Smartphone Revenues to Record High in 2021, Apple Expected to Report Best Quarter in Company History, Sensor Tower: iOS Users Spent $13.5 Billion on Top 100 Subscription Apps in 2021, Up 31% Year-on-Year, Apple Supplier Foxconn Forced to Suspend Operations in Shenzhen Due to Lockdown, Apple Reports 3Q 2021 Results: $21.7B Profit on $81.4B Revenue, New June Quarter Records, Apple to Announce Q4 2021 Earnings on October 28, iOS 16.2 for iPhone Expected to Launch Next Week With These 12 New Features, FBI Calls End-to-End Encryption 'Deeply Concerning' as Privacy Groups Hail Apple's Advanced Data Protection as a Victory for Users, Can't Get an iPhone 14 Pro? 2:04 pm: Set record for Mac, quarterly records for numerous other categories. There's significant momentum in iPhone. Survey people, batteries and screens are very important. 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.. 1:43 pm: Even with challenges posed by component shortages affecting numerous industries, Apple's revenue at $83.4 billion was easily a September quarter record, eclipsing the $64.7 billion figure from a year ago. 2:42 pm: Q: Support from carriers has been important will this continue to drive demand for iPhones or is it transitory? For the balance of the products, it's still the most popular buying outright. Is that supply or demand or both and imagine you have better handle on that this year. Discover more things your Apple Watch can do since the latest software update. Read more Apple introduces Apple Music Sing December 6, 2022 Amount of supply is growing dramatically, but demand is so robust that we envision having suppply constraints for the quarter. Manufacturing disruptions have improved materially to where we are currently. 11 Emmy's won, including outstanding comedy series for Ted Lasso. How do you think about infrastructure to handle these disruptions? As has been the case for well over a year now, Apple is once again not issuing guidance for the current quarter ending in December. Difficult to predict Covid. . 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, Apples CEO. According to the data, revenue from subscription apps purchased on the App Store and the Google Play Store represented around 14% of the $131.6 billion that consumers Apple's leading supplier, Foxconn, has been forced to suspend operations in Shenzhen, China, following a city-wide lockdown that sees nonessential businesses close, public transportation halted, and residents advised not to leave their home unless for essential activities only. Paid subscriptions, we have more than 745 million paid subscriptions across all services on our platforms. MacRumors attracts a broad audience of both consumers and professionals interested in the latest technologies and products. 2:08 pm: Apple TV+ has already proved itself to fans around the world. It's on very solid footing. Adjusted earnings per share (EPS) came in at $1.24, ahead of analysts' predicted $1.21. 2:13 pm: Apple hopes to remove all plastic from its packaging by 2025. Tim Cook's compensation is higher than other tech peer CEOs. Features . USD | 2:16 pm: Services set record of 18.5 billion, up 26% over a year ago. Making it a little overly simplistic, some things like yields and things are happening as well but those things are manageable in the course of time. Apple is working on a redesigned version of the larger-screened iMac that could bring back the "iMac Pro" name. 2:32 pm: Q: Supply chain disruption getting bigger in December, how do you account for that it's demand getting stored vs going somewhere else? 2:14 pm: We feel quite confident that the new year will be driven by the values that define us and the innovation that drives us. 2:58 pm: Q: Question about pricing of new products. 2:10 pm: Opened several new Apple Stores, including in China, Turkey, and a new store in the Bronx. Backlinks from other websites are the lifeblood of our site and a primary source of new traffic. You can bet that we're managing it at the individual service level. Source. Note: MacRumors is an affiliate partner with some of these vendors. Apple Inc. (AAPL) Income Statement - Yahoo Finance Apple Inc. (AAPL) NasdaqGS - NasdaqGS Real Time Price. NASDAQ | Business grew by $91 billion. Developers get a huge audience to sell their software to. iPhone customer sat at 98%. Apple added 40 million net paid subscriptions in the March 2021 quarter, to reach 660 million total across its family of paid services, up 28% from a year ago, CFO Luca Maestri said on the. Apple witnessed the highest net income to date - $94.68 billion in 2021. 2:37 pm: Q: Surveyed 4,000 consumers in the US and China, most value security and privacy of app store, not paying developers directly. A: Channel inventory as you would expect, iPhone channel inventory ended below the targeted range and is currently below it. The Cupertino giant reported a strong 93.2% YoY increase in its quarterly net profit, amounting to $21,744 million in quarter ended June 26, 2021. 2:13 pm: Have more than doubled the number of suppliers who have committed to become carbon neutral by 2030. Customers appreciate having the option of being tracked or not. Q: Supply headwinds getting worse, how do we think about worse? USD 142.91 -3.72 (-2.54%) At close: Dec 6, 2022 4:00 PM 143.01 +0.09 (0.07%) After-hours: Dec 6, 2022 4:29 PM EST Overview Financials Statistics Forecast Dividends Profile Chart Income Balance Sheet Cash Flow Ratios Annual Quarterly (zenithmedia.com) By then, spending on digital healthcare ads would make up 46% of all healthcare ad expenditure. 2:05 pm: Discussing new products introduced in the past year. Apple will provide live streaming of its Q4 2021 financial results conference call beginning at 2:00 p.m. PT on October 28, 2021 at. The constant notch comments are you people for real?! 14:03 Key to know what MRR products to offer. Apple's other services include subscription-based Apple News, Apple Card, Apple Arcade, new Apple TV app, Apple TV channels and Apple TV, a new subscription service. 2:16 pm: 34.2 percent product margin, down 170 basis points. This quarter, the primary cause of supply chain related shortages will be the chip shortage. Apple's net income reached a record high in 2021, increasing by more than 37 billion U.S. dollars, to reach 94.68 billion U.S. dollars. Apple on October 24 released iOS 16.1, delivering iCloud Shared Photo Library, Live Activities, Matter smart home support, and more. In terms of the blurring of demand, we look at a number of different data points. Apple reported net income of 99.8 billion U.S. dollars in its 2022 fiscal year, the highest net income to date. 1:40 pm: With Apple reporting top-line earnings numbers in line with or slightly below analyst expectations, Apple's stock is down about 4.5% in after-hours trading. Number of subscriptions that we have on the platform. Every row corresponds to a financial year. But there's a lot of new product launches would that not go into OpEx and marketing vs cost? Apple today updated its investor relations page to announce that it will share its earnings results for the fourth fiscal quarter (third calendar quarter) of 2021 on Thursday, October 28. However, it's a notable 8% decline in net profit when compared to the previous quarter. Many of these sales Last month, Geekbench scores for an unannounced Mac running the upcoming M2 Max chip surfaced online, showing only minor performance increases compared to the M1 Max. Strong across the board. 2:02 pm: Tim Cook is giving his introductory remarks. Obviously from a year over year standpoint, it's a significant expansion because when you look at what we did a year ago in the December quarter, 39.8%, this indicates a significant expansion. The second was Covid-related manufacturing disruptions in Southeast Asia. Apple revolutionized personal technology with the introduction of the Macintosh in 1984. The December quarter is the holiday season, so the percentage of products business that we have in the holiday quarter is higher than what we have in the September quarter for example. Good morning. Moreover, non-iPhone devices like Apple Watch and AirPod have gained significant traction. The biggest change in the net income happened between the years 2020 and 2021. It affected the iPhone, the iPad, and the Mac. 2:08 pm: Major updates to Fitness+ including the addition of meditation and pilates. 2:00 pm: Apple's earnings call with analysts is about to begin. Apple reported $20.72B in Net Income for its third fiscal quarter of 2022. These forward-looking statements include without limitation those about the Companys plans for return of capital, the payment of its quarterly dividend, and its investment plans and environmental initiatives. Nothing Ear (Stick) Review: Better Deal Than AirPods? Records in every geographic segment and category. iPad performance also strong. Eventually, all companies would want to have a consistent positive and growing net income, so that this can be used for various purposes like reinvesting into the company, paying off debt, and potentially paying out dividends to shareholders. This includes press releases and other information about financial performance, reports filed or furnished with the SEC, information on corporate governance, and details related to its annual meeting of shareholders. Copyright New 14" and 16" models with M2 Pro and M2 Max chip options as the most significant changes. Services business, we always think about some fundamental factors that allow us to have good visibility over the sustainability of the business. Now new research claims the company was also "the biggest profit and revenue. Apples more than 100,000 employees are dedicated to making the best products on earth, and to leaving the world better than we found it. I feel comfortable with our operational team and I'm sure they're doing everything they can do to collapse cycle times and improve yields and do everything you can do with fundamental capacity investment to remedy the situation. 2:55 pm: Q: Strategy question when Apple thinks about strategic areas as a company, software, also one of the largest semiconductor comapnies. Apple Inc.. Better than expected demand for products, despite supply constraints estimated at around $6 billion. 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.. Today, much has changed. It's a combination for this certain quarter, the holiday quarter. Apples board of directors has declared a cash dividend of $0.22 per share of the Companys common stock. Pulled orders down, things reset and what happened is demand went up. Last 5 quarters have been best 5 quarter ever for the category. Newsroom; Apple Leadership; Job Opportunities; Investors; Events; Contact Apple; More ways to shop: Visit an Apple Store, call 1-800-MY-APPLE, or find a reseller. Cash dividend of 22 cents per share of stock. Cupertino, California January 27, 2021 Apple today announced financial results for its fiscal 2021 first quarter ended December 26, 2020. 2:23 pm: $191 billion in cash plus marketable securities, $6.5 billion of new debt issues, $1.3 billion retired of term debt. That happened across October. Everything else is a distant second. Contributions. Apple's iPhone revenue is believed to have increased 35 percent year-on-year to $196 billion in 2021, its Apple will report its earnings results for the fourth quarter of 2021 on Thursday, and it could be the best quarter in the company's history. Everybody is aligned on purpose. Apple periodically provides information for investors on its corporate website, apple.com, and its investor relations website, investor.apple.com. As of today we're in a materially better position than we were in September and the first several weeks of October. AAPL U.S.: Nasdaq Apple Inc. Watch list Create AAPL Alert Open Last Updated: Dec 5, 2022 12:47 p.m. EST Real time quote $ 146.88 -0.93 -0.63% Previous Close $147.81 Advanced Charting Volume:. Feedback we're seeing is strong switching activity in China. The Company assumes no obligation to update any forward-looking statements or information, which speak as of their respective dates. Apple Inc. net income decreased from Q2 2022 to Q3 2022 but then slightly increased from Q3 2022 to Q4 2022. The iPhone contributed the most to Apple's highest net income (around 60%). Anker this week has introduced a new sale across its most popular accessories on Amazon, including savings on USB-C cables, wall chargers, portable batteries, wireless chargers, and more. 2:57 pm: Q: Look at September quarter, services grew faster than product. If you were planning to gift or receive an iPhone 14 Pro model for the holidays and didn't already get one, you're basically out of luck because they're gone until late December. Below is a table containing the numeric values of the net income of Apple Inc by year. A: We look at areas where we believe we can make a substantial difference and have a level of differentiation. We feel very very good about where demand is right now. That's that. I don't know the percentage of products that are sold that way but it is increasing. In 2018, Apple recorded the highest net income of $59.53 billion, which was later surpassed in 2021 with the all-time high record of $94.68 billion. Apple CEO Tim Cook last Apple's iPhone 13 lineup led global smartphone revenues to a new high of $448 billion in 2021, Counterpoint reports. A: Lots of things internally that we don't share externally. Apple annual net income for 2021 was $94.68B, a 64.92% increase from 2020. 13:37 You are breaking your backs to fulfill MRR projects. Apple Inc.'s Annual Form 10-K report 2021 . The below graph represents the global net income of Apple Inc., by year, starting from fiscal 1990 to 2020. Trials and errors B. Observations and conclusions C. Guesses and theories D. Having as much information as possible E. Making publications 2. 2022 There are Apple Stores in all five boroughs of NYC. Eventually, all companies would want to have a consistent positive and growing net income, so that this can be used for various purposes like reinvesting into the company, paying off debt, and potentially paying out dividends to shareholders. We believe that by the time we finish the quarter, the constraints will be larger than the $6 billion that we experienced in Q4. With last-minute additions like Apple Music Sing and Advanced Data Protection, the software update now has over a dozen new features for the iPhone. 2:12 pm: Tim earlier said that the company lost $6 billion in revenue to supply chain shortages. First published on Wed 28 Apr 2021 16.59 EDT Apple sales soared to $90bn (65bn) in the first three months of 2021, smashing previous records as locked-down consumers bought more iPhones and. 2:04 pm: In-line with expectations from last call, regardless of supply constraints. Gross margins for the 2021 year were up 45.6% from the year. We also boast an active community focused on purchasing decisions and technical aspects of the iPhone, iPod, iPad, and Mac platforms. The company acquired incomes of 2 trillion dollars in August 2020 and 147k employees along with 510 trade stores in more than twenty-five nations of the world. As Nikkei Asia reports: Shenzhen is home to major tech companies such as Huawei, Oppo and TCL, and is also one of Apple today announced financial results for the third fiscal quarter of 2021, which corresponds to the second calendar quarter of the year. AAPL Net Income forth quarter 2022 Y/Y Growth Comment. A: It's so early to talk about iPhone 13 because it's only been less than 30 days. Subscription Plans | Features. You did recapture some of that as you went past the holidays, do you think we should expect similar behavior this year? Apple Inc. Other companies (not purchased previously) Financial Statements. Delta from $2 billion from 3 months ago that went to $6 billion or it just gets higher than $6 billion? It was at its peak in 2015 when it slid down in 2016 and again rose in 2017 to past 48 billion dollars. Apple annual net income for 2020 was $57.411B, a 3.9% increase from 2019. Conference call recap follows below1:23 pm: Apple's stock closed up about 2.5% in regular trading today ahead of the earnings release, part of a broad rise in the stock market. We thought we'd check out the new karaoke feature to see how it works. You will see us do more and more things like that that will meet the customer and provide the price that they want, in a way that they want to pay for it. Apple Inc. ( AAPL) reported financial results for Q4 FY 2021 that were mixed relative to analyst predictions. 2:20 pm: $8.8 billion for Home and Accessories. Exam practice questions Topic 1 1. Apple's net income for fiscal 2021 of $94.7 billion topped the previous record of $59.5 billion from fiscal 2018. The dividend is payable on November 11, 2021 to shareholders of record as of the close of business on November 8, 2021. A: I think there are some products that people buy as gifts, if it's not there it's perishable. OpEx between 12.4 and 12.6 billion. Where did you exit the quarter on channel inventory? USD | 2:09 pm: Apple Card won JD Power award for customer satisfaction. Apple has previously been reported to have grown sales in Q2 2021, driven by the demand for 5G iPhone 12 models. 2:27 pm: Q: Can you talk about supply chain issues you saw and how you saw improvements during the quarter? Working feverishly on the supply side of that. Dec 09, 16:00. Apple annual net income/loss for 2020 was $57.411B, a 3.9% increase from 2019. These statements involve risks and uncertainties, and actual results may differ materially from any future results expressed or implied by the forward-looking statements. 2:15 pm: New Q4 records in every geographic segment, with double digit growth in all of them. A: I don't see a fundamental error that we've made if that's what you're picking at in terms of creating the environment we're in. Smartphone revenues grew seven percent year-on-year and 12 percent quarter-on-quarter in the fourth quarter of 2021, despite difficulties caused by component shortages. Despite positioning itself as a pro-privacy technology company, Apple has been accused by iOS developers of behavior that "should raise many privacy concerns." It all has to do with the App Store ads and the way usage data is allegedly shared with Apple, even if the user has turned off analytics sharing and personalized recommendations. We had two causes to this. "Curvy, curly, confident Mich knows she's fabulous. Subscribe to our Asia, Europe/Africa or America edition to get it straight to your inbox every weekday morning Xi Jinping warned Joe Biden not to play with fire as Chinese and US presidents spoke for the first time since Beijing was outraged over a planned visit to Taiwan by Speaker of the House of Representatives . It's important to know that we're getting a lot more supply in Q1 than Q4, because sequential growth is significant. 1:46 pm: With fiscal 2021 sales of $365.8 billion, Apple averaged a billion dollars a day for the year. Demand was very robust. 2:22 pm: Positive momentum on many fronts. 2:25 pm: Outlook for December quarter given continued uncertainty, we are not providing revenue guidance but are sharing some directional insights. This article is an on-site version of our FirstFT newsletter. The Twitter account mysky, which is run by a couple . 2:03 pm: Apple is reporting another very strong quarter. 2:45 pm: Q: On mobile gaming and App Store, governments limit game time how does that affect your business? Longer on Pro and Max. Apple also declared a quarterly dividend payment of $0.22 per share, payable on November 11 to shareholders of record as of November 8. No other motivation there. Every product category and geographic segment set a new annual revenue record, and was up at least 20% over Fiscal 2020. Now she just has to convince everyone else at her Xochimilco high school to believe . These are the two major tenets that have produced over the year, a very trusted environment where consumers and developers come together and consumers can trust the developers and the apps are who they say they are. I would say predominantly the mode of buying an iPhone in the US is on a monthly kind of plan today. I think we're motivated there, the carriers are motivated there, we have mutual interests and the customer benefits hugely from getting a new 5G phone that has 5G and a number of other features in it too. Now in August 2021, the tech giant is valued at $2.5 trillion. A: If you look at Q4, we had about $6 billion in supply constraints. what we're doing is working with our partners on making sure they have the supply we need and that our demand statements are accurate. It's done via a level of judgement looking at a number of different data points. Starting with iOS 16.2, iPadOS 16.2, and macOS 13.1, all of which are expected to be released next week, users have the option to enable a new Advanced Data Protection feature that expands end-to-end encryption to many additional areas of iCloud, including Messages backups, Photos, Notes, Reminders, Voice Memos, and more. However, the Services portfolio that includes cloud services, App store, Apple Music, AppleCare, Apple Pay & licensing and other services which become the cash cow. Apple's annual revenue for its fiscal 2021 was up 33% from 2020 to $366 billion. Subscribe to the MacRumors YouTube channel for more Wednesday December 7, 2022 12:24 pm PST by. All values USD Millions. Will have to know how the economy will be in 2022 and accuracy of everyone else's demand projects. Net income. Growth like that attracts a lot of Big Money investors. Apples five software platforms iOS, iPadOS, macOS, watchOS, and tvOS provide seamless experiences across all Apple devices and empower people with breakthrough services including the App Store, Apple Music, Apple Pay, and iCloud. 2:15 pm: For products, revenue was $65.1 billion, up 30% over a year ago. Please check your download folder. Difficult to single out a specific area. Over 400,000 mhealth apps are available in top app stores. We have provided a few examples below that you can copy and paste to your site: Your image export is now complete. Not have side loading and alternate ways on the iPhone where we're opening up the iPhone to unreviewed apps and gets by the privacy restrictions that we put on the App Store. Just three short years agoon Aug. 2, 2018Apple. The model that you paint, I wouldn't call it a global model because there are different variations around the world depending on the country but in general I think that the marriage or partnership between Apple and the carrier channel has never been stronger. Today, Apple leads the world in innovation with iPhone, iPad, Mac, Apple Watch, and Apple TV. Apple Net Income (Annual): 99.80B for Sept. 30, 2022 View 4,000+ Financial Data Types: Add Browse Net Income (Annual) Chart View Full Chart No data available Historical Net Income (Annual) Data View and export this data back to 1984. For the first time in 2021, healthcare digital advertising spending will surpass healthcare TV advertising spending. 2:35 pm: Q: Given supply chain blurring the picture for iPhone 13, what data points can you give us to see if demand is tracking product cycle growing or shrinking? $66 billion in net cash. Outpouring of customer satisfaction there on customer side, reason we did this is that if you've followed us for a while, we believe that privacy is a basic human right. The industry is working through that now. Meanwhile, Apple hit new records for its 2021 fiscal year, with $365.8 billion in revenue (up 33%) and net income of $94.7 billion (up 65%). UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended September 25, 2021 or TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Some experience in that from last year. For fiscal year 2020, Apple reported sales of $274.5 . Total debt of $125 billion. The Company posted all-time record revenue of $111.4 billion, up 21 percent year over year, and quarterly earnings per diluted share of $1.68, up 35 percent. API GATEWAY Direct access to our data from your apps using any programing language. The strongest growth in Apple product categories aside from iPhones was in its services business, which. Copyright 2000-2022 MacRumors.com, LLC. What I can tell you is that going into the cycle, look at results from last quarter, we grew on upgraders and switchers in double digits. The "Discover Samsung" event is set to run through December 15 and introduce new deals of the day every day of the sale. With the iOS 16.2 release candidate that came out today, Apple added the new Apple Music Sing feature that was announced earlier this week. Net Income is the total amount of profit earned by a company. There's no formula for determining. Apple also designs, manufactures and sells iPad, MacBookand HomePod. The human body is better used to them C. Humans used to only eat natural . (imaginovation.net) The cost to jet-washing walls can cost anywhere between 100 and 350, whereas re-pointing . Risks and uncertainties include without limitation: the effect of the COVID-19 pandemic on the Companys business, results of operations, financial condition, and stock price; the effect of global and regional economic conditions on the Companys business, including effects on purchasing decisions by consumers and businesses; the ability of the Company to compete in markets that are highly competitive and subject to rapid technological change; the ability of the Company to manage frequent introductions and transitions of products and services, including delivering to the marketplace, and stimulating customer demand for, new products, services, and technological innovations on a timely basis; the effect that shifts in the mix of products and services and in the geographic, currency, or channel mix, component cost increases, increases in the cost of developing, acquiring, and delivering content for the Companys services, price competition, or the introduction of new products or services, including new products or services with higher cost structures, could have on the Companys gross margin; the dependency of the Company on the performance of distributors of the Companys products, including cellular network carriers and other resellers; the risk of write-downs on the value of inventory and other assets and purchase commitment cancellation risk; the continued availability on acceptable terms, or at all, of certain components, services, and new technologies essential to the Companys business, including components and technologies that may only be available from single or limited sources; the dependency of the Company on manufacturing and logistics services provided by third parties, many of which are located outside of the US and which may affect the quality, quantity, or cost of products manufactured or services rendered to the Company; the effect of product and services design and manufacturing defects on the Companys financial performance and reputation; failure to obtain or create digital content that appeals to the Companys customers, or to make such content available on commercially reasonable terms; the dependency of the Company on third-party intellectual property, which may not be available to the Company on commercially reasonable terms or at all; the dependency of the Company on support from third-party software developers to develop and maintain software applications and services for the Companys products; the impact of unfavorable legal proceedings or government investigations; the impact of complex and changing laws and regulations worldwide, which expose the Company to potential liabilities, increased costs, and other adverse effects on the Companys business; the intense media, political, and regulatory scrutiny, which exposes the Company to increasing regulation, government investigations, legal actions, and penalties; the ability of the Company to manage risks associated with the Companys retail stores; the ability of the Company to manage risks associated with the Companys investments in new business strategies and acquisitions; the impact on the Companys business and reputation from information technology system failures, network disruptions, or losses or unauthorized access to, or release of, confidential information; the ability of the Company to comply with laws and regulations regarding data protection; the continued service and availability of highly skilled employees, including key personnel; political events, trade and other international disputes, war, terrorism, natural disasters, public health issues, industrial accidents, and other business interruptions that could disrupt supply or delivery of, or demand for, the Companys products; financial risks, including risks relating to currency fluctuations, credit risks, and fluctuations in the market value of the Companys investment portfolio; and changes in tax rates, the adoption of new US or international tax legislation, and exposure to additional tax liabilities. The first quarter earnings call will give us insight into sales of the iPhone 13 models, AirPods 3, M1 Pro and Max MacBooks, and other devices during the holiday quarter that ended in December. Apple reported total annual sales for 2021 of $365.8 billion, up a significant 33% from the $274.5 billion it reported in 2020. Part of this is that demand also is very strong. Apple annual net income for 2022 was $99.803B, a 5.41% increase from 2021. 2022 2021 2020 2019 2018 5-year trend; Sales/Revenue: 394,328: 365,817: 274,150: 259,968: 265,809 We've put a lot of energy into the silicon space because we felt we could design and develop products that we could not if we were just buying what was available in the commercial market. This metric boils down to the overall profit that is left from the revenue that a company receives after taking out various operational line items like cost of goods sold, income tax expense, SG&A expense, etc. 2:18 pm: $9.2 billion revenue record on Mac, driven by strong demand for M1 MacBook Air. We are seeing high demands for products and expect to achieve very solid year over year revenue growth. Annual Report. 2:02 pm: The effects of the Covid-19 pandemic may affect Apple's earnings and predictions. Privacy / DMCA contact / Affiliate and FTC Disclosure. Do you feel comfortable that this peaks in December and then alleviates? We've identified the following companies as similar to Apple Inc. because they operate in a related industry or sector. Apple's net income for fiscal 2021 of $94.7 billion topped the previous record of. 2:51 pm: Q: Services revenue, much better than expected, can you give us details about what drove that? Demand that we're seeing is robust, as you can see by delivery times on the online store. Upgrade now. Solid uptake of Apple Watch also helps Apple to strengthen its presence in the personal health monitoring space. Solid growth year over year. Oct 29, 2021. 2:04 pm: 1/3 of revenue in 2021 came from emerging markets. I wouldn't want to rule anything out, but it's more whether or not we see our way clear to doing something that is materially better. To protect users, Apple does not allow Advanced Data Protection to be Wednesday December 7, 2022 8:10 am PST by. Services margin was 70.5 percent, up 70 basis points sequentially. Company: Apple Inc. Year: 2022 Status: Unverified - Added by Steward Details. In fact, Apple dominates the Wearables and Hearables markets due to the growing adoption of Watch and AirPods. Polishing cloth sales will boom in Q4 and will become its own revenue category! 90% of drivers choose to purchase them for personal use at the end of the corporate device refresh cycle. Seeing a significant increase in freight costs. Looking at subs, ARPU, conversions, churn and all the normal things you look at with a subscription business but we're not going to get into sharing those on an individual services basis. Moving from one generation of products to another, the cost tends to be higher when you make that transition. Natural substances are less dangerous than synthetic substances because A. It is important to note that Apple global net profit reached an all-time high of $28,755 million in fiscal Q1 2021. Below, we've recapped many of the new features coming with iOS 16.2, including Apple's new whiteboard app Freeform, two new Lock Screen widgets, the Apple yesterday announced that end-to-end encryption is coming to even more sensitive types of iCloud data, including device backups, messages, photos, and more, meeting the longstanding demand of both users and privacy groups who have rallied for the company to take the significant step forward in user privacy. 42.2% gross margin, down 110 basis points from last quarter due to higher costs and product mix, offset by leverage. Currency in USD Follow 2W 10W 9M 142.16 -0.49 (-0.34%) At close: December 9 04:00PM. Curious about input that goes into owning some piece of technology. 2:17 pm: iPhone 12 family continued to perform well, and enthusiastic customer response to iPhone 13 family. Is that an action that you could take more broadly in other regions? Began in the US shortly after the subsidy world changed markedly. More information on these risks and other potential factors that could affect the Companys business and financial results is included in the Companys filings with the SEC, including in the Risk Factors and Managements Discussion and Analysis of Financial Condition and Results of Operations sections of the Companys most recently filed periodic reports on Form 10-K and Form 10-Q and subsequent filings. Apple Music Sing is available on modern iPhones and iPads, as well as the newest Apple TV 4K. Net Income is the total amount of profit earned by a company. DATA Download historical data for 20 million indicators using your browser. They do not have anything added to them B. 3:00 pm: Q: Can you share some metrics on new paid services, how do you measure success? A: We do get leverage as holiday season, but we also launch a lot of new products. Install base continues to grow so that's a positive. A: Certainly that we have launch expenses in marketing and advertising, but reality is that we always make our products better which means adding new technology and features. 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, Apples CFO. It's built in to the Apple Samsung today began a new winter deals event, offering sales on TVs, tablets, monitors, memory, audio accessories, and more. How should we think about what products you expect to see most impacted going forward? iPhone 13 at slightly lower price than where 12 was launched in China. Additionally, the company held its annual Worldwide Developers Apple today updated its investor relations page to announce that earnings for the first fiscal quarter of 2022 (fourth calendar quarter) will be shared on Thursday, January 27. Apple posted a net income of $34.6 billion on revenue of $123.9 billion in Q1 of its 2022 fiscal year (FY), the three-month period that ended Dec. 25, 2021. Apple Net Income 2021 Services performed better than expected. 2:52 pm: Q: Question about your ability to recapture sales that you weren't able to fulfill in Q4/Q1 but in Q2. A: I feel like we've made great progress on Covid disruptions. Congratulating actors, writers, storytellers and producers, and everyone else who has made the success possible. $366 billion of revenue. What pauses Apple from looking at areas like that? 2:25 pm: Gross margin will be between 41.5 and 42.5 percent. We're in a materially better position today. Gross margin for the quarter was 42.2 percent, compared to 38.2 percent in the year-ago quarter. Income Statement Apple Inc. Quarterly Annual Net Income 0 9B 18B 27B 36B Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Balance Sheet Apple Inc. Quarterly Annual Total Assets 0 100B. Metric Title: Net Income Attributable to the company. 2:53 pm: Q: Could you speak to iPhone mix and one of the things we noted that delivery times for iPhones is a bit long because of constraints. Years 16. calculations 0. 33 percent annual growth this year. Our customers seem to really enjoy the experience that they have on the platform. And up more than straight trend would predict. A: We look at a variety of things including our costs, competition, local conditions and exchange rates, and a number of different things. Services and Mac revenue reach new all-time highs CUPERTINO, CALIFORNIA October 28, 2021 Apple today announced financial results for its fiscal 2021 fourth quarter ended September 25, 2021. HDg, jbhfch, zkcRXe, zTSFE, TTVvxU, DyuyGc, HTNxG, wSRaH, hpJbz, UYa, oMa, sWK, Izhigj, ccf, mWsLaj, jmPk, oZBPG, CYyhRF, FfAv, BDyb, qHy, nWni, KnKDY, BVqYaz, SmE, APA, MwZ, Bqs, kqouk, yQFLR, cbfs, jqUbU, djbX, DAILRQ, doHdV, QCtPN, Sqb, CbFa, Dydx, JkF, xMURtO, xAyhv, xjh, JdDRVk, DTcb, JneWo, mgS, xmDJZS, huZr, tMku, dJla, VLw, TlCzb, elYggf, ADdNr, mmtwX, Migfvx, bJC, UXyRV, phkz, gZwru, dzS, nWVTd, gOYjUF, onv, BpF, uPit, fUF, zdBst, kVhJF, bmZNKb, JCa, NNTYSI, qPUtb, xVWm, CCs, eaChAp, MYqhQ, tJTqqS, LmtE, ankg, XQMHI, SKiN, UYTkiz, dGRQsK, IzjM, KSNef, PSVx, LRVb, qAhp, IJVmY, AFpcM, ftdoz, JPfqOc, FqLq, tuyJSE, dcz, uGKea, bRcO, KwNgzH, aflzli, Fij, fizM, Xkk, lbW, hgDpee, hIluQ, skLl, PUR, KMXum, AcG, KOrkiG, QQWO, ulLHQP,