After the closing of the U.S. stock on Thursday, January 27 local time, Apple announced that its revenue and profit in the fourth quarter of 2021 were better than expected and hit a record high, the stock price stopped falling and rebounded, maintaining an increase of about 5% .
As the first listed technology giant in the United States with a market value of more than US$3 trillion, Apple's financial report has attracted the attention of countless investors.
Apple emphasized several key points at its latest fourth-quarter financial report meeting:
1 and Last year, Apple released more new hardware devices and service options, and its new product sales revenue was better than expected and hit a new high. The demand for new products for Mac computer and Apple Watch watches in the market is strong. Among them, most of the Mac models sold are equipped with Apple's self-developed chips, and two-thirds of the buyers of Apple Watch are for the first time.
2. The supply chain shortage in the fourth quarter was more serious than in the third quarter, among which "the supply shortage of ipad is particularly long." At the financial report meeting, analysts said:
Given the current global supply chain crisis , Apple has performed well in the supply chain and there is no need to fundamentally change the supply chain.
3 and are expected to grow steadily year-on-year in the first quarter of 2022 (second fiscal quarter), but the growth rate of revenue and profit may slow down compared with the previous quarter. analysts said that Apple's product sales have increased significantly during the epidemic, driven by the craze of remote work and home activities, and the improvement of the epidemic and the lifting of the lockdown will put pressure on financial reports in the next few quarters.
4. Apple sees a lot of potential in the field of AR (virtual reality). CEOCook When asked about Metauniverse , he said: New technologies are being explored.
withstands the deteriorating supply chain pressure, and its revenue and profit hit new highs
Wall Street News mentioned that the financial report shows that Apple is not afraid of supply chain and epidemic challenges, and "almost all businesses outperformed expectations" in the fourth quarter.
iPhone, Mac computers, wearable devices, as well as cloud, music, advertising, video and payment services all hit record highs. The number of paid subscription users across platforms has reached 785 million.
It is worth noting that the only "loser" among all businesses is iPad. Cook said it was caused by supply chain shortages, and is expected to improve the supply chain at the beginning of this year.
This impressive Apple financial report shows that 's revenue increased by 11% year-on-year in the shopping season at the end of the important year-on-year.
iPhone revenue in the first quarter was US$71.63 billion, higher than the expected US$67.74 billion, a year-on-year increase of 9% and a new record, accounting for nearly 58% of total revenue, slightly 1 percentage point higher than the expectations of Wall Street .
Mac revenue was US$10.85 billion, higher than expected US$9.53 billion, up 25% year-on-year and hit a new high, with the strongest growth in hardware.
iPad revenue was US$7.25 billion, lower than expected US$8.18 billion, down 14% year-on-year. However, this decline was warned by the company's management in the third quarter report, which was related to the chip shortage, and also related to the fact that it had a 41% year-on-year increase a year ago, which led to more difficult contrast in the same direction.
wearable devices, home and accessories revenue was US$14.7 billion, higher than expected US$14.16 billion, an increase of 13% year-on-year and hit a new high.
is another growth engine in addition to hardware, Apple's highest profit margin department service revenue was US$19.52 billion, higher than expected US$18.64 billion, a year-on-year increase of 24%, setting a new high for four consecutive quarters, but the growth rate was weaker than 25.6% in the previous quarter.
service revenue increased sharply in double digits, driving the company's overall gross profit margin for the quarter to be 43.8%, higher than expected 41.7%.
Supply chain issues that investors are closely watching
American media CNBC quoted Cook as saying, "iPhone sales have withstood the drag of supply chain restrictions." He also said that " inflation pressure is unquestionable."
Cook acknowledged that "our biggest problem is chip supply", but he said that it is mainly that the supply of lower-end chips is challenging, rather than the powerful core processors in flagship phones.
In this financial report, Wall Street mainly seeks how supply chain restrictions and chip shortages will drag down Apple's growth.
Cook said that the supply problem in the fourth quarter of last year during the financial report period was worse than the previous quarter, but it is expected that the current January-March quarter will improve, and the supply limit will be lower than the quarter during the financial report period. The company expects revenue in the January-March quarter to continue to grow steadily year-on-year.
Cook said it is exploring new meta-universe technology
The company's financial report also revealed at the company's financial report meeting that Apple sees a lot of potential in the field of AR (virtual reality). When asked about the metaverse, Cook said: New technologies are being explored.
It is worth mentioning that the percentage of major geographical markets that failed to collective double-digits rose sharply, and only had the best sales in Greater China jumped by 21%. Luca Maestri, chief financial officer of
, said that the combination of the latest products and services is good, driving double-digit percentage growth in overall revenue and profits, and the base for active equipment installations rose to a record high of 1.8 billion units. With the goal of achieving net cash neutrality, nearly $27 billion was returned to shareholders in the quarter, and the board has announced a cash dividend of $0.22 per share in common stock.
In addition, Apple expects revenue to grow steadily year-on-year in the first quarter of 2022 (second quarter), but the growth rate of revenue and profits may slow down compared with the previous quarter.
financial blog Zerohedge said that Apple product sales have increased significantly during the epidemic, driven by the craze of remote work and home activities, and the improvement of the epidemic and the lifting of the lockdown will put pressure on financial reports in the next few quarters.
Zerohedge believes that the darling iPad sales during the epidemic were inferior to expectations and fell by double digits year-on-year, which may be a good thing. The decline in demand shows that the world is gradually emerging from the new crown epidemic.
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