15:51
Traffic jam:   4
$
92.5919
100.2704

Apple's quarterly revenue reaches a record $123.9bn

28 January 2022
6714
1 min.
3
Apple's quarterly revenue reaches a record $123.9bn

Quarterly report

According to Apple's report, which was released on Thursday 01/27/22, Apple's revenue for the past quarter was up 11% year-on-year to almost $124 billion, setting a new record.

For the three-month reporting period ending December 25, 2021, Apple had revenue of $123.9 billion, compared to $111.4 billion for the same period in 2020.

The company's net income for the past quarter was $34.6 billion, compared to $28.7 billion for the same period in the previous year. The company's flagship product remains the iPhone, which generated $71.6 billion in global smartphone sales in the quarter.

It is worth noting that analysts had assumed in their forecasts that earnings per share would be $1.89 and total revenue would be $118.68B.

"This quarter's record results were made possible by our most innovative product and service line-up ever," commented CEO Tim Cook.

Apple shares were trading unchanged 0.29% at $158.76 at the after market close, according to the report.

Apple's share price, down 10 per cent this year, has performed worse than the average according to the Dow Jones index, falling 5 per cent since the beginning of the year.

Apple, founded in 1976, makes the iPhone smartphone, iPad tablet, iMac computer, MacBook notebook, iPod music player and other high-tech products. The corporation is one of the largest in the world.

Persons1 and Companies2 in the news

CEO of Apple
1 place
Dow Jones
1 place
Apple
2 place
Section:
Source foto:
cdn.pixabay.com

Discussion

Rating companies
Tesla
14 Mention
Instagram
13 Mention
JP Morgan Chase
12 Mention
Walt Disney Company
12 Mention
Ford Motor Company
10 Mention
Netflix
10 Mention
Amazon
9 Mention

NEW YORK NEWS

News from GlobalNY.biz is the freshest and most relevant information about high-profile events in the region. The task of the resource's news feed is to convey to readers with maximum accuracy and objectivity information about important events in business, politics, economy, healthcare, culture and other spheres of life in New York.
GlobalNY.biz news is a coverage of economic processes taking place in New York, the latest news of public life, incidents and an overview of political events. New York news is information about the activities of small and medium-sized businesses, the work of housing and communal services and utilities, the implementation of significant projects.
The site's journalists describe not only the life of the region, but also talk about the current state of the US economy. Everything you need to know about innovations in the field of industry and agriculture, economy and power is collected in the "News" section at GlobalNY.biz.
New York news quickly informs the reader, shows the real picture and opens up hot topics. Communication with government structures and business enables us to provide our readers with reliable, information-rich material. The main page of the portal contains the key news of New York!
Alena Potapova

Development Director
Population
8112648193
Died this year
14264103
Born this year
35092218