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
And the second event, hosted in September to present the new Apple Watch and the new lines of Mac Book Pro:
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.