In the fourth-quarter report released today, Apple’s total revenue did not meet Wall Street’s expectations, and its profit per share was only in line with expectations. The main reason was that the shortage of chips affected iPhone’s global sales.
During the company’s conference call, CEO Tim Cook said,If it were not for chip shortages and supply chain constraints, the company’s sales would be $6 billion higher.
Chief Financial Officer Luca Maestri told analysts on a conference call that the revenue impact this quarter (October-December) will be more severe than the previous quarter (July-September).The company did not provide a forecast for this quarter, although it said revenue growth will be slower than the September quarter. The report makesAppleThe stock price fell 4% in late trading.
This year, we launched the most powerful product ever, from the Mac with M1 toiPhoneThe 13 series, these products set new standards for performance, enabling our customers to create and connect in new ways.
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In his prepared speech, Chief Financial Officer Maestri said:
Our record September quarterly performance came to an end for an extraordinary fiscal year with strong double-digit growth. During this period, despite the continued uncertainty in the macro environment, we achieved success in all geographic divisions and product categories. A new income record.
Our record sales performance, unparalleled customer loyalty, and the power of our ecosystem have jointly pushed our active equipment installations to a record high. In the September quarter, we returned more than $24 billion to shareholders as we continue to make progress towards achieving long-term net cash neutrality.
In the three months to the end of September, revenue rose to $83.4 billion, generating a net profit of $1.24 per share. The analyst’s previous forecast was 85 billion US dollars and 1.24 US dollars per share. The gross profit margin for the quarter was 42.2% of sales. Apple’s annual sales increased by 33% to 366 billion US dollars.