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Apple reports a parade of sales records as earnings top $30 billion for the first time, stock gains

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Despite impacts from the pandemic and a supply crunch, Apple capped off a milestone calendar year, recording $378.35 billion in revenue for the whole of 2021, up from $294.1 billion in 2020.

Apple Inc. reported record overall and iPhone holiday sales as well as its best revenue ever in a calendar year Thursday, as the tech giant’s quarterly earnings topped $30 billion for the first time.

“We are pleased to see that our active install base of devices is now at a new record with more than 1.8 billion devices,” Cook said. “We set all-time records for both developed and emerging markets and saw revenue growth across all of our product categories except for iPad, which we said would be supply-constrained.”

In the call, Chief Financial Officer Luca Maestri was more specific, saying that executives “expect to achieve solid year-over-year revenue growth and set a March-quarter revenue record,” but also that they “expect our revenue growth rate to decelerate from the December quarter.” “We are one year into our transition to Apple silicon and already the vast majority of our Mac sales are from M1-powered devices, which helped drive a record number of upgraders during the December quarter,” Maestri said in the conference call. “Our momentum in this category is very impressive as the last six quarters have been the best six quarters ever for Mac.

 

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Ofcourse.. A lot of the income comes from the AppleStore. Pamdemic or not, with a lot of more people at home.. Easy peasy And if you add inflation ..

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