Apple Achieves Record Quarterly Revenue... "Supply Chain Improvement"

[Asia Economy Reporter Yujin Cho] Despite supply chain disruptions and the impact of COVID-19, Apple posted its highest quarterly earnings ever.

Apple announced on the 27th (local time) that its revenue for the fourth quarter of last year increased by 11% year-on-year to $123.9 billion (approximately 149.11 trillion KRW).

This is the highest quarterly revenue ever recorded, surpassing market expectations of $118.66 billion.

Earnings per share also rose 25% year-on-year to $2.10, exceeding market expectations of $1.89 per share.

All product sales except for iPads exceeded market expectations with strong performance.

iPhone sales increased 9% year-on-year to $71.63 billion, and Mac sales surged 25% year-on-year to $10.85 billion.

Sales of other products, including Apple Watch and AirPods, rose 13% to $14.7 billion. iPhone ($68.34 billion), Mac ($9.52 billion), and other products ($14.59 billion) all exceeded market expectations.

On the other hand, iPad sales decreased 14% to $7.25 billion, falling short of market expectations of $8.18 billion.

Apple CEO Tim Cook said, "We recorded solid year-over-year revenue growth," adding, "In the first quarter of this year, supply chain constraints are expected to ease compared to the fourth quarter of last year."

This content was produced with the assistance of AI translation services.