Apple recorded its biggest quarter ever, US$123.9 billion revenue and record sales for nearly all categories

Apple recorded its biggest quarter ever, US$123.9 billion revenue and record sales for nearly all categories

Apple has just recorded its biggest quarter ever. In its latest earnings call for the fourth quarter of 2021, Apple announced record revenue of US$123.9 billion. That's up over 11% from the same quarter a year ago.

Profit for the quarter was a whopping US$34.6 billion, which is up 20% from the same quarter a year ago.

The reason why Apple has been so successful is because multiple categories set all-time quarterly revenue records.

The iPhone; Mac; Wearables, Home, and Accessories; and Services categories all set new records.

• iPhone revenue was US$71.6 billion, up from US$65.5 billion or 9% year-on-year.
• Mac revenue was US$10.8 billion, up from US$8.6 billion or 25% year-on-year.
• Wearables, Home, and Accessories revenue was US$14.7 billion, up from US$12.9 billion or 13% year-on-year.
• And finally, Services revenue was US$19.5 billion, up from US$15.7 billion or 24% year-on-year.

The only product category that didn't set a new all-time quarterly record was iPad, which recorded US$7.2 billion in revenue. That's down from US$8.4 billion or around 15% year-on-year. However, Apple CEO Tim Cook explained that this was mostly because iPad supply was "significantly" constrained during the quarter.

Apple declined to give revenue guidance for the next quarter given the surrounding uncertainly around the Omicron variant, but Cook expects the company to "to achieve solid year over year revenue growth and set a March quarter revenue record despite significant supply constraints, which we estimate to be less than what we experienced during the December quarter."

Source: Apple, Six Colors