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Highlights
- Its total net sales, including products and services, rose to US$83.36 billion in the quarter from US$64.69 billion in the year-ago period.
- Presenting the results on Thursday, CEO Tim Cook said Apple launched its “most powerful products ever” this year, referring to the M1-powered Macs and iPhone 13.
- CFO Luca Maestri said the company has capped the fiscal year with a new all-time user base.
Apple In. (NASDAQ:AAPL) stock fell more than 2% in intraday trading on Friday, a day reporting strong profit growth in the fourth quarter of fiscal 2021.
The stock was down 2.21% to US$149.1988 at 2:35 pm ET on Friday.
Presenting the results on Thursday, CEO Tim Cook said Apple launched its “most powerful products ever” this year, referring to the M1-powered Macs and iPhone 13.
On his part, CFO Luca Maestri said the company capped the fiscal year with a new all-time user base.
During the quarter, Apple returned over US$24 billion to shareholders.
Fourth-Quarter Snapshot
The company posted a record revenue of US$83.4 billion, up 29% YoY, in the September quarter.
Its total net sales, including products and services, rose to US$83.36 billion in the quarter from US$64.69 billion in the year-ago period. Its operating income was US$23.78 billion compared to US$14.77 billion in the September quarter of 2020.
Apple’s net income jumped to US$20.55 billion from a net income of US$12.67 billion a year ago. Its earnings per diluted share were US$1.24 in the quarter compared with US$0.73 in Q4 of 2020.
In addition, Apple’s board of directors declared a cash dividend of US$0.22 per share, payable on November 11, 2021, to shareholders of record as of November 8, 2021.
The company aims to become carbon neutral across its supply chain by 2030.
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Source: Pixabay
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Stock Performance
The Apple stock rose about 15% YTD. Its 52-week highest and lowest prices were US$157.26 and US$107.32, respectively. Its P/E ratio is 26.51, the forward P/E one-year ratio is 26.63, and the EPS is US$5.62. Apple’s annualized dividend is US$0.88.
The California-based technology giant has a market cap of US$2.58 trillion.
Bottomline
The S&P 500 Information Technology Sector Index grew more than 23% YTD, showing a steady growth of the sector this year. However, investors should evaluate the stocks carefully before investing in stocks.
