10/28/2021, 10:32 PM (Source: TeleTrader)
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Apple sets Q4 revenue record with $83.4 billion

Apple Inc. reported on Thursday that its revenue for the fourth quarter of its fiscal year increased 29% when compared to the same period last year to set a new record of $83.4 billion. At the same time, the company's net income jumped 62% year-on-year to $20.5 billion, while its diluted earnings per share saw a yearly gain of nearly 70% to reach $1.24.

For the full fiscal year, Apple declared its total revenue to be $365.8 billion, a 33% increase of the figure last year. The tech giant's net income for the year reached $94.7 billion, increasing 65% year-over-year. Lastly, its dilued earnings per share for the year climbed to $5.67, for a per annum gain of 71%.

Apple CFO Luca Maestri commented on the report: "Our record September quarter results capped off a remarkable fiscal year of strong double-digit growth, during which we set new revenue records in all of our geographic segments and product categories in spite of continued uncertainty in the macro-environment."

Apple shares were down 4.67% in after-hours trading following the release of the report.

Baha Breaking News (BBN) / OL