Apple released its fourth-quarter earnings report: Greater China grew 83%, and total net revenue of $83.36 billion fell short of expectations

Reporter | Lu Zhigao

On October 29, Beijing time, Apple released its financial report for the fourth quarter of fiscal 2021. According to the financial report, Apple's total net revenue in the quarter was $83.360 billion, an increase of 29% year-on-year; net profit was $20.551 billion, up 62% year-on-year. Among them, the revenue of Greater China was US$14.563 billion, an increase of 83% year-on-year.

On the business front, iPhone revenue was $38,868 million, up 47% year-over-year; Mac revenue was $9,178 million, up 16% year-over-year; iPad revenue was $8,252 million, up 21.4% year-over-year; wearables, home products and accessories revenue was $8,785 million, up 11.5% year-over-year; and services revenue was $18,277 million, up 25.6% year-over-year.

Apple CEO Tim Cook said the company launched its most powerful products of all time, including the M1-powered Mac to the iPhone 13 series, while approaching 2030 to achieve 100% carbon neutrality in the supply chain and throughout the product lifecycle. Previously, Tim Cook said Apple had become carbon neutral in its global corporate operations.

At the earnings session, Tim Cook said the company lost $6 billion due to supply chain issues and had an impact on the iPhone, iPad and Mac lines. The main reason is that several companies in the industry are experiencing chip shortages, while the COVID-19 pandemic has affected manufacturing in Southeast Asian countries. At the same time, he also expects that the problems caused by the supply chain will cause greater losses at the end of the quarter than they are now.

Supply chain issues have also affected the inventory of the iPhone series, which will be lower than in the past. However, after considering the data of online and retail stores, Apple is still full of confidence in the sales prospects of the iPhone series and will focus on the supply side.

After the release of the iPhone 13 series, there was a serious shortage of goods, and the delivery time was generally about a month. At present, the iPhone 13 mini and iPhone 13 shipping time has been shortened, but the iPhone 13 Pro and iPhone 13 Pro Max are still difficult to find.

Tim Cook said that once supply and demand are balanced, the situation regarding the delivery time of the iPhone series will change.

Or affected by revenue, iPhone revenue and other performance failed to meet market expectations, as of press time, Apple's after-hours stock price fell by more than 3.5%, the current total market value of 2.52 trillion US dollars.