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Apple revenue hits record despite supply chain woes

One of the USA technology giants, Apple's revenue in the October-December period of last year reached a record 123.9 billion dollars with an annual increase of 11 percent despite the supply chain problems.

Apple revenue hits record despite supply chain woes

Apple announced its balance sheet for the October-December period of last year.

Accordingly, the company's revenue, which considered the 3-month period ending on December 25, 2021 as the first quarter of the 2022 fiscal year in its balance sheet, increased by 11 percent compared to the same period of the previous year and reached 123.9 billion dollars. The company had revenue of 111.4 billion dollars in the October-December period of 2020.

The revenue of the company, which surpassed market expectations and reached a record level despite supply chain difficulties, was estimated to reach 118.66 billion dollars in this period.

The firm's net profit also rose 20 percent to $34.6 billion in the same period. Apple's net profit was calculated as $28.8 billion in the same period of the previous year.

The company's earnings per share increased from $1.68 to $2.10 in this period.

9 percent increase in iPhone sales
In this period, while Apple's smartphone and computer sales increased, tablet sales decreased.

The amount of iPhone sales increased by 9 percent in the October-December period of last year compared to the same period of the previous year, reaching $ 71.6 billion.

In the same period, Mac sales increased 25 percent to $10.9 billion, while iPad sales fell 14 percent to $7.3 billion.

Apple CEO Tim Cook warned in October last year that supply bottlenecks could cost the company $6 billion.

 

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