In Q3 2021, Apple reported $83.36 billion in revenues, over $65 billion in products sales, and $18.27 billion in services sales. At the same time, it recorded net sales of over $365 billion for the twelve months ending on September 25th, of which over $297 billion in products sales and over $68 billion in services’ sales. Apple recorded a net income of $94.68 billion in the same period.
A glance at Apple’s financials in Q3 2021
As Tim Cook highlighted during the quarter’s earnings report:
This year we launched our most powerful products ever, from M1-powered Macs to an iPhone 13 lineup that is setting a new standard for performance and empowering our customers to create and connect in new ways
And he continued:
We are infusing our values into everything we make — moving closer to our 2030 goal of being carbon neutral up and down our supply chain and across the lifecycle of our products, and ever advancing our mission to build a more equitable future
In 2021, Apple sold over $191 billion worth of iPhones, over $35 billion worth of Mac, over $31 billion worth of iPads, and over $38 billion of Wearables, Home, and Accessories). Apple’s service business passed the $68 billion run rate in 2021.
What’s coming next?
Apple new product lines
This year Apple hosted two events, one to announce the new iMac, iPad Pro, and AirTags with a focus on presenting the new chimp, directly manufactured by Apple, the M1:
And the second event, hosted in September to present the new Apple Watch and the new lines of Mac Book Pro:
What’s next?
Given Facebook’s announcement on the Metaverse, and how the company is investing $10 billion dollars to develop it, we might expect also Apple to make a bold move in that direction, with a new AR device. This is confirmed by the recent release of a patent thought for AR devices, as we discussed here.
Gennaro is the creator of FourWeekMBA, which reached about four million business people, comprising C-level executives, investors, analysts, product managers, and aspiring digital entrepreneurs in 2022 alone | He is also Director of Sales for a high-tech scaleup in the AI Industry | In 2012, Gennaro earned an International MBA with emphasis on Corporate Finance and Business Strategy.
