Cook said the iPad business had "very significant supply constraints" during the quarter.Īpple's profitable services business, which includes subscriptions, licensing fees, and extended warranties, continues to grow strongly with over 17% growth. However, Apple's iPad business continues to go sideways, with sales down 2.1% from a year ago, despite updated models with Apple's M1 chip. Sales were up nearly 15% year over year to $10.44 billion.
It spent $88.3 billion on buybacks in 2021, according to S&P Dow Jones Indices.Įlsewhere, Mac computers continued to grow strongly after Apple transitioned its lineup to use its own M1 chips instead of Intel processors.
In addition, Apple said that its board of directors authorized $90 billion in share buybacks, maintaining its pace as the public company that spends the most buying its own shares. 43.1% estimatedĪpple did not provide a forecast for the current quarter - the company hasn't provided official revenue guidance since February 2020, citing uncertainty tied to the pandemic. $7.14 billion estimated, down 1.92% year over year $9.25 billion estimated, up 14.73% year over year $9.05 billion estimated, up 12.37% year over year
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