Apple, Inc -- Earnings -- 4Q21 -- September, 2021, Quarter

Original post: Apple

• meets EPS
• misses on revenue
• shares will plunge ... and they did ... could fall as much as $8.00 after hours; trading at $145.00. Comment: anything over $145 is fine.
  
• demand robust; supply chain issues
• if Apple can't get chips, no one can get chips;
  
• Tim Cook, guidance: still expects a record 4th quarter 
• more at Macrumors.

But as the numbers come in and more information is released, a completely different picture.

Revenue: a lot was being made of missed revenue forecast, but spend some time on this graph:

For the quarter:

• revenue: $83.4 billion vs $64.7 billion, same quarter one year ago;
• new quarterly profit: $1.24 / share; vs 73 cents same quarter one year ago.
• September quarter:
• a record
• Mac and Services both set all-time records
• but look at this, gross margin was 42.2% vs 38.2% same quarter one year earlier
• dividend unchanged, to be paid November 11; record date, November 8, 2021

For the full fiscal year, 2021: shattered company records with $365.8 billion in sales; $94.7 billion in net income, up from $274.5 billion in sales and $57.4 billion in net income for fiscal 2020.

• $366 vs 275 ..... billion ... wow.