Apple’s quarterly revenue grows 29%

Apple’s revenue at the end of the last quarter of 2021 grew by 29% compared to last year, according to the company’s statements published on October 28 on its website, Report informs.

During the three-month reporting period ended September 25, Apple generated revenues of $83.4 billion. For the same period in 2020, this figure was close to $64.7 billion. The company’s net profit for the last quarter was $20.5 billion, compared with $12.6 billion in the same period last year.

For the fiscal year, which also ended on September 25, Apple generated revenues of $365.8 billion, up from $274.5 billion last year. Net profit for the fiscal year amounted to $94.6 billion, compared to $57.4 billion a year ago.

iPhone remains the company’s flagship product, with worldwide sales of these smartphones reaching $38.8 billion in the last quarter and $191.9 billion in the fiscal year.