Apple posts record revenue in Q4: iPhone, iPad and services all up

Apple closed out its fiscal year with a record $83.4B in revenue and quarterly earnings per share of $1.24. Despite big success across all of Apple's divisions, the maker missed Wall Street's $85B expectation. The iPhone sales for Q4 accounted for $38.9B - up from the $26.4B in Q4 of 2020. The Mac achieved an all-time fourth-quarter record with $9.2B in sales. The iPad generated $8.3B - a 21% increase YoY, while Services and Wearables, Home and Accessories scored $8.8B each - a 26% and 11% YoY increase, respectively. For its full fiscal year, ending September 2021, Apple's sales...

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In the pandemic economy, tech companies are raking it in

Illustration by Alex Castro / The Verge From a pure entertainment perspective, I am genuinely sorry that the House’s antitrust hearing targeting the big four tech companies — Amazon, Apple, Facebook and Google — took place Wednesday instead of next week. Because literally a day after a meeting attempting to determine if Big Tech was too big, three of the four companies in the hearing got bigger . (Google’s parent company, Alphabet, had a decline in revenue of about 2 percent, mostly due to a decline in search ads — but this was still better than analysts predicted .) None of these companies wanted their earnings numbers read aloud to them before questioning began The hearing was about how tech companies have consolidated their power . The coronavirus seems to be making that... Continue reading… from The Verge - All Posts https://bit.ly/33bChoU

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