Apple definitely enjoyed the past holiday season. (Apple) In the first quarter of 2022, Apple gained US$71.63 billion through iPhone sales, which made up 58% of total revenue. Apple created a goal in fiscal 2017 of reaching $50 billion in Services revenue by fiscal 2020. Google Play contributed $37.3 billion, or about 41% of the total amount For . iOS was responsible for 63% of total app revenue in 2021 Games accounted for 67% of total app revenue in 2021. Second, the iPhone XR's price is being cut by $150 a year after launch, not $100 as Apple has previously done. Add to Google Calendar. 72 million people subscribe to Apple Music as of June 2020. Apple earnings: Strong iPhone sales pushed the company's total quarterly revenue to a record $111.4 billion well above the $103.3 billion Wall Street analysts had predicted. Use the companies' service revenue and cost data to answer the requirements. Apple's retail stores in the United States and elsewhere . The Apple TV app is now available on over 1 billion screens in over 100 countries and regions. Annual revenue, gross margin, net income. Performance Summary. Apple reported total annual sales for 2021 of $365.8 billion, up a significant 33% from the $274.5 billion it reported in 2020. International sales accounted for 60 percent of the quarter's revenue. Apple's is expected to deliver median revenue growth forecast of 5.3% over the next five fiscal years. Services revenue rose 27%, to $18.28 billion. Instead, it reports a breakdown of revenue by product category. Putting a 20x earnings . Apple launched its first product 'Apple 1 computer' in 1976. In fiscal year 2016, Apple's revenue from its App Store. While management has kept numbers close to the vest, estimates for its content budget range . In 2020, the Apple TV app launched on select LG, Sony, and VIZIO smart TVs, and PlayStation and Xbox consoles, adding to its extensive reach that already includes Apple devices, Samsung smart TVs, Roku players, and Amazon Fire TV. Jul 4, 2022 8:26AM EDT. It was a goal that Apple took seriously and not only did it hit the target, by fiscal 2021 Apple generated $68 billion in Services revenue. Apple annual net income for 2020 was $57.411B, a 3.9% increase from 2019. Today, one of the most successful products of Apple is the 'iPhone'. And that proved true, with services hitting an all-time record revenue of $13.3 billion. Thursday, April 28, 2022 at 2:00 p.m. PT / 5:00 p.m. Apple's services business is off to a hot start in 2021. Apple Music also accounted for 19% of the number of subscribers who signed up for a music streaming service globally. Apple Music key statistics. Apple's "services" revenue for the last quarter was about $10 billion; or about $37 billion for the past year. The streaming service is part of the tech giant's push to broaden its ecosystem. Apple had told investors last quarter that the chip shortage could hold back sales by $3 billion to $4 billion. 52.58B Minimum Sep 2017. Annual Revenue ( $) FY, 2019 FY, 2020 FY, 2021 $0 $100 b $200 b $300 b $400 b Apple revenue was $365.82 b in FY, 2021 which is a (33.3%) year over year increase from the previous period. Apple posted iPhone revenue of $25.9 billion a year ago. In the most recent earnings report, Apple reported services revenue of $10.9 billion, up 19 percent year over year. In the fiscal year 2021, iPhone sales of $191 Billion represent over half (52%) of apple's overall revenue of $365 Billion. Apple's Services segment posted revenue of $68.4 billion during the 2021 fiscal year and $18.3 billion for the fourth quarter. Apple's services revenue per quarter since 2014 Apple's future moves in services include a number of video efforts, with a suspected growth of video content budgeting swelling 54 percent every year. Apple annual revenue for 2021 was $365.817B, a 33.26% increase from 2020. Apple (NASDAQ: AAPL) is spending heavily on its Apple TV+ streaming service. Services includes revenue from the iTunes Store, App Store, Mac App Store, iBooks Store, Apple Music, AppleCare, Apple Pay, licensing and other . Apple Inc. is an American multinational technology company that specializes in consumer electronics, software and online services headquartered in Cupertino, California, United States.Apple is the largest technology company by revenue (totaling US$365.8 billion in 2021) and as of May 2022, it is the world's second biggest company by market capitalization, the fourth-largest personal computer . Apple's revenue growth forecast is expected to average 6.3% over the next five fiscal years. There are other apps available that collect huge sums of money even if not all of these revenues are recurring. Here's everything that was revealed in its latest earnings report. Apple TV+ is part of a revenue segment that grossed $17.5 billion for the company in Q2 . For fiscal-year 2021, Cook had a compensation package worth $98.7 million, more than six. Apple now has more than 620 million paying subscribers,. The Company posted quarterly revenue of $64 billion, an increase of 2 percent from the year-ago quarter, and quarterly earnings per diluted share of $3.03, up 4 percent. Apple's services revenue increased more than 16% in fiscal 2019 to $46 billion. Revenue (Quarterly) Range, Past 5 Years. Performance Summary. In recent years, Apple has been spending more on research and development, currently allocating the largest proportion of its revenue on R&D since 2003 The company has its iPhone to thank, as device sales increased 50 percent from last year even with a sluggish rollout of 5G. . In depth view into Apple Revenue (Quarterly) including historical data from 1980, charts and stats. Today, we'll turn to the Services number Apple just disclosed: $5.99 billion for the Jan. to Mar. In an interview on Tuesday, Cook told Reuters that the hit to overall revenue in the . Apple Services. That expectation is. Analysts had estimated revenues of $53.3 billion, centered within Apple's guidance range of $52.5 to $54.5 billion, and all but identical compared with last year's $53.265 billion third . The tech giant's services revenue topped $16.9 billion in the first quarter of the year, up from $13.3 billion a year ago. First, the iPhone 11 this year's mid-tier model costs $50 less than the iPhone XR it is replacing. Apple's Service Revenue Closes In on $30 Billion a . It was a goal that Apple took seriously and not only did it hit the target, by fiscal 2021 Apple generated $68 billion in Services revenue. Even more surprising is how fast Apple's services revenues have taken off. In 2021 the company made a revenue of $378.32 B an increase over the years 2020 revenue that were of $294.13 B .The revenue is the total amount of income that a company generates by the sale of goods or services. Overall, Apple's services segment has shown strong growth over the last few years, passing the mark of ten billion U.S. dollars in revenue in a quarter for the first time in 2018. . Services Revenue grew by a strong 24% year-over-year, likely . Apple also saw continued growth in its services and China markets. Ives expects Apple to maintain that pace over the next two years to reach $60 billion in 2021. For all of calendar 2019, Apple's music streamer captured 24% of total paid revenue in the industry worldwide. But Wall Street is still most concerned with how the iPhone 12 is performing so far. $ millions Service revenue Cost of services Apple Current Year Prior Year $ 46,291 $ 39,748 16,786 15,592 Google Current Year Prior Year $ 134,811 $ 116,461 59,856 50,661 Required: 1. 2016 quarter: Provided by author. Question: Apple and Google report the following Income statement data (some are assumed). Add to Calendar. Services and Mac revenue reach new all-time highs CUPERTINO, CALIFORNIA October 28, 2021 Apple today announced financial results for its fiscal 2021 fourth quarter ended September 25, 2021. There are other apps available that collect huge sums of money even if not all of these revenues are recurring. The total number of Apple Music subscribers on the planet grew by 36% year-over-year. Services Could Be The Biggest Driver Of Apple's Profits By. Apple currently has a market cap of around $2.6 trillion, making it the most valuable company in the world. AOL. . Apple posted . That's still a small percentage of the overall $84.3 billion the company . That's 11.8% of total revenue, higher than Mac and iPad . . Apple's conference call to discuss second fiscal. Apple revenue increased from $274.5 billion in 2020 to $365.8 billion in 2021, a (33.3%) increase. double its reported 2016 services revenue by 2020. Demand for new, higher-priced 5G iPhones helped fuel a more than doubling of quarterly profit to $23.6 billion, off $89.6 billion in revenue. Apple's is expected to deliver median revenue growth forecast of 5.3% over the next five fiscal years. Compare AAPL . Forward Outlook For Apple: Analysts, on average, forecast roughly 14% revenue growth for fiscal-year 2021 first-quarter to $101.01 billion. Apple is widely expected by analysts to benefit in the . In last year's Q3, Apple earned $2.18 a share. The report pegs Apple revenue from Services at $30 per device, up from $25 per device two years ago. Apple's services. . Apple's revenue growth forecast is expected to average 6.3% over the next five fiscal years. While management has kept numbers close to the vest, estimates for its content budget range . Apple's Services revenue doesn't come in big chunks like selling an iPhone. The Company posted a September quarter revenue record of $83.4 billion, up 29 percent year over year, and quarterly earnings per diluted share of $1.24. But it adds up, especially when . Huberty estimates that Apple now makes about $30 per device via various services up from $25 just two years ago. It'll arguably be the company's most important announcement of . And that . On March 25, Apple will hold a long-anticipated event in which it details its upcoming streaming and media subscription services. Apple's revenue growth forecast is 7.7%. Apple (NASDAQ: AAPL) is spending heavily on its Apple TV+ streaming service. Apple annual revenue for 2019 was $260.174B, a 2.04% decline from 2018. Apple revenue for the twelve months ending March 31, 2022 was $386.017B, a 18.63% increase year-over-year. Apple annual revenue for 2020 was $274.515B, a 5.51% increase from 2019. This is compared to $53.8 billion for the previous year and $14.5 . Jul 4, 2022 8:26AM EDT. If Apple is able to sign on 100 million paying users over the next 5 years, it could translate into revenues of about $6 billion by 2025. A company with efficient margins is able to turn revenues into the most net income. . "We concluded a groundbreaking fiscal 2019 with our highest Q4 revenue ever, fueled by accelerating . Services revenues - which include income from the App Stores, the iTunes Store, Apple Music, iCloud, Apple Pay, and AppleCare, along with the money that Google pays Apple to be the default search engine on its operating systems . Add to Microsoft Outlook. Services revenue: $13.1 billion. Apple's four software platforms iOS, OS X, watchOS and tvOS provide seamless experiences across all Apple devices and empower people with breakthrough services including the App Store, Apple Music, Apple Pay and iCloud. Apple's Services division had a $13.4 billion revenue for the second fiscal quarter of 2020. Apple annual net income for 2021 was $94.68B, a 64.92% increase from 2020. Apple's Services business also saw Gross Margins soar to around 68.4%, an increase of around 400 basis points versus last year. Services revenue, which includes iCloud, Apple Music, Apple TV and other operations, reported . The U.S. Department of Justice says the up to $12 billion Google pays to Apple every year for remaining the default search on iPhones and other devices is illegal. On New Year's Day, customers spent $386 million in the App Store, Cook said, up 20% from the previous year. Disney has reported about $50.5 billion in revenue from all sources for the first three quarters of its fiscal year. Apple's services revenue . Apple exceeded Wall Street's expectations in the third quarter, recording nearly $82 billion in revenue analysts predicted $73.3 billion. Apple Music made approximately $4.1 billion revenue in 2020, accounting for 7.6 percent of Apple's total services revenue. Apple net income for the twelve months ending March 31, 2022 was $101.935B, a 33.58% increase year-over-year. In the company's Q3 2019 earnings (Opens in a new window), Apple reported $64 billion in revenue and beat expectations, growing 2 percent year-over-year despite iPhone revenue falling yet again . A year ago, that number was at $11.5 billion. Apple's total net sales amounted to 365.82 billion U.S. dollars in their 2021 financial year, a slight increase from the historical record of 74.52 billion U.S. dollars in financial year 2020.. Jan. 17, 2007 2:31 p.m. PT. The App Store is likely the biggest driver of Apple's Services revenue, and we estimate that its revenues stood at about $13.5 billion in fiscal 2018. Also worth noting: Analysts had predicted Apple's services revenue would come in at $11.68 billion, so this is a relative disappointment. Third, the iPhone 8's price is also being cut by $150 two years after launch, not $100 as Apple has previously done. The category which includes businesses like . . Apple said its App Store customers spent $1.42 billion between Christmas Eve and New Year's Eve, up 16% from a year ago, in what the company added was an illustration of its pivot to services. After nearly two years, Apple TV+ is hardly a power player in terms of raw subscribers. As of January 2020, 17% of desktops in the US use MacOS X. . Services were the fastest-growing revenue line in Apple's December quarter, rising 18 per cent year-on-year to $7.2bn, setting a new all-time record for the company. Amid a record-breaking fiscal second quarter, Apple also delivered record-breaking services revenue up 17% year over year to reach $19.8 billion. Apple annual net income for 2019 was $55.256B, a 7.18% decline from 2018. 6. Since then, Apple has grown exponentially in terms of products and services. $19.9 billion revenues, 8.5% of the total, from Services. According to Apple's latest earnings report, the services segment brought in $15.8 billion, up from $12.7 billion in the year-ago quarter. Here are those numbers for fiscal Q4 2020: $26.44 billion: iPhone (down from $33.36 billion in Q4 2019) $14.55 billion: Services (up . Citing Bernstein analyst Toni Sacconaghi, Barron's reports that the company could be losing between $1 billion and $2 billion a year on the service. These three products have contributed to majority of the Apple revenues over the past years. On the other hand, the growth is more impressive when you. Apple . Apple's "services" revenue for the last quarter was about $10 billion; or about $37 billion for the past year. In 2017, Cook set an ambitious growth target for the business: Apple wanted to double its 2016 services revenue by 2020, which would put the goal at roughly $46 billion by this year. Apple didn't say much about the Mac on yesterday's quarterly earnings call. Apple's 100,000 employees are dedicated to making the best products on earth, and to leaving the world better than . The iPhone is still Apple's biggest revenue segment. Apple is still on track . Customers only bought 3.7 million Macs in the past three months, a 13 percent drop compared to the year prior. 50% of all Apple devices use iOS 13. Apple Music has more subscribers than Spotify in the United States, but Spotify has more in Europe and South America. Gross margins for the 2021 . quarter results and business updates is scheduled for. Apple's revenue segment . Maestri said the company now has more than 745 million paid . Just. Despite the revenue miss, Apple's overall sales still rose 29% year-over-year. Apple's revenue growth forecast is 7.7%. Quarterly Revenue ( $) iPhone revenue: $26.4 billion. Services revenues - which include income from the App Stores, the iTunes Store, Apple Music, iCloud, Apple Pay, and AppleCare, along with the money that Google pays Apple to be the default search engine on its operating systems . It's $9.99 a month here, 99 cents for an app there, a few cents for a transaction. Revenue is an extremely important metric when analyzing a company. Services were the second-biggest earners, raking in US$19.52 billion, or 16% of overall . Revenue from its services segment grew more than 16% from the same quarter last year, to $14.5 billion, and sales from Mac grew 29% to $9 billion both record highs, the company said. The company reported a profit of $1 billion for its first fiscal quarter as iPod sales increased by 50 percent . . Revenue for Apple's Mac division reached $9 billion compared to $6.9 billion during the same quarter one year ago. Total Product revenue reached $72.7 billion, up 62% from a shade less than $50 billion a year ago. Apple Inc.'s earnings on Tuesday will likely confirm what most investors have come to accept: The iPhone X hasn't lived up to the hype. Listen to the conference call webcast. The competitors are not able to catch up. Add to Apple Calendar. Services revenue went up by an impressive 23.8% from the year-ago quarter. And it suggests the potential is there for that to grow as high as $100 per device. Android and iOS app revenue reached $133 billion revenue in 2021, a 19% year-on-year increase. In reporting better-than-expected sales and earnings figures for the quarter, Apple said the services business jumped 27% from a year earlier, while its services gross margin expanded to 70% from. Apple's ( AAPL) upstart streaming video service Apple TV+ is losing money. Apple posted a net income of $34.6 billion on revenue of $123.9 billion in Q1 of its 2022 fiscal year (FY), the three-month period that ended Dec. 25, 2021. Apple refers to revenue as net sales in. Apple created a goal in fiscal 2017 of reaching $50 billion in Services revenue by fiscal 2020. Published by S. O'Dea , Feb 26, 2020 This statistic shows Apple's revenue from its services segment by product category from 2011 to 2020. FY 22 Second Quarter Results. However, despite the losses, Apple . It hit that . This assumes that the iPhone user base stands. Starting our calculation with an EPS estimate of $5.15 for 2021 and assuming that this will grow by 7%-10% a year through 2031, we reach an EPS range of $10.10 to $13.40. Apple Inc. shares slid 2.9% in premarket trading Thursday after a cautious outlook from executives overshadowed quarterly revenue that topped $100 billion for the first time. Apple's services revenue soared 17% to $12.7 billion, largely thanks to the App Store. ET. Revenue in 2022 (TTM): $386.01 B According to Apple 's latest financial reports the company's current revenue (TTM) is $386.01 B . Apple key statistics Apple generated $365 billion revenue in 2021, 52% came from iPhone sales Apple Services was the second largest division, responsible for 18% of revenue 230 million iPhones, 71 million iPads and 20 million Mac and MacBook units were sold in 2020 Apple's home and wearables division grew 25% in 2021