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published in Blogs
Jan 29, 2022
Apple (AAPL, $170.33) crushes Q4 expectations

Apple (AAPL, $170.33) crushes Q4 expectations

Apple posted its earnings for the three months ending December 25, crushing analysts’ expectations.

The iPhone maker’s earnings for the quarter climbed +25% from the year-ago quarter to $2.10 a share, well ahead of the $1.89 expected by analysts polled by Refinitiv.  

Revenue rose +11% year-over-year to $123.9 billion vs. $118.66 billion estimated.

iPhone revenue came in at $71.63 billion, beating analysts’ estimate of   $68.34 billion. It was up +9% year-over-year. Services revenue grew +24% from the year-ago quarter to $19.52 billion vs. $18.61 billion estimated. Other Products revenue was $14.70 billion vs. $14.59 billion estimated. It was up +13% year-over-year. Mac revenue of $10.85 billion also beat estimate of $9.52 billion, and was up +25% year-over-year. iPad revenue of $7.25 billion vs. $8.18 billion estimated, down -14% year-over-year

The company’s gross margin for the quarter was 43.8% vs. 41.7% estimate.

In an interview with CNBC’s Julia Boorstin, Apple CEO Tim indicated outlook on March quarter. “What we expect for the March quarter is solid year-over-year revenue growth,” Cook said. “And we expect supply constraints in the March quarter to be less than they were in the December quarter.”

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