Technology major Apple
earned nearly one-third of its revenue from emerging markets and doubled its
business in India and Vietnam in fiscal 2021, according to its CEO Tim Cook
said.
IMAGE:
Apple CEO Tim Cook inside the Apple Store on Broadway in downtown Los Angeles.Photograph:
Lucy Nicholson/Reuters
Apple posted a 29 per cent
year-on-year growth in revenue at $83.4 billion in the fourth quarter ended
September 25, 2021.
Its net income stood at
$20.55 billion in the said quarter as against $12.67 billion in the year-ago
period.
Its total net
sales stood at $365.8 billion during the fiscal ended September 2021.
"And we set quarterly
records in every geographic segment with strong double-digit growth across the
board.
"During fiscal 2021,
we earned nearly one-third of our revenue from emerging markets and doubled our
business in India and Vietnam," Cook said.
He added that Apple is
"optimistic about the future, especially as we see strong demand for our
new products".
According to Counterpoint
Research, Apple was the highest growing brand in the September 2021 quarter in
India with 212 per cent y-o-y growth and led the premium smartphone market
(above Rs 30,000) with a 44 per cent share.
The brand maintained its
leading position in the ultra-premium segment (above Rs 45,000 or $650) with a
74 per cent share, Counterpoint said.
Strong demand for the
iPhone 12 and iPhone 11 were the major factors in Apple's growth and the
company became the top 5G smartphone brand in the premium segment for the first
time, it added.
In a statement, Apple said
this year, it launched its most powerful products ever -- from M1-powered Macs
to an iPhone 13 lineup -- that is setting a new standard for performance and
empowering customers to create and connect in new ways.
Apple CFO Luca Maestri said
the "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".
The combination of Apple's record sales performance, customer loyalty and strength of its ecosystem drove its active installed base of devices to a new all-time high, he added.
"During the September
quarter, we returned over $24 billion to our shareholders, as we continue to
make progress toward our goal of reaching a net cash neutral position over
time," Maestri said.
iPhone sales stood at $38.8
billion while that of Mac was at $9.1 billion, iPad at $8.2 billion, wearables,
home and accessories at $8.7 billion and services was at $18.2 billion during
the September quarter.