Latest News

Apple’s ( $AAPL) 2021 revenues are up 4X the last 11 years

January 4, 2022 (Investorideas.com Newswire) Apple.Inc has quadrupled its revenue over the previous 11 years. According to data presented by tradingplatforms.com, the tech giant’s 2021 revenues hit the $365.82 billion mark.

The figure is about four times the earnings in 2011. Then, it had attained an income of $ 108.2 billion. And speaking on the development, tradingplatfor.com’s Edith reads says the results are consistent with the firm’s recent performances.

No surprises here

She affirms, “It isn’t surprising that Apple has consistently grown its revenues since 2010. One thing working for it is that it has grown an unmatched brand loyalty. Through its regular release of avant-garde products, it has gained a following that competitors can only envy.”

Since Tim Cook took over Apple’s leadership, the firm’s stock(AAPL) has grown tenfold. By press time, AAPL was trading at $179. That’s an almost 1400 percent increase from its December 2011 adjusted value of $13.

Moreover, the company has grown its market cap to $2.9 trillion and is setting eyes on the $3trillion mark. Thus Apple remains the world’s most marketable company. It has also outperformed the S&P 500 index 3 to 1.

Reasons for the growth

Several factors explain the tech giant’s impressive run. First, there’s a growing demand for its flagship product, the iPhone. Market data shows that iPhone sales accounted for 47 percent of its revenues.

Additionally, the firm showed remarkable resilience amidst the COVID-19 ravages. It registered growth even as other companies took massive hits. For example, it made over $ 83 billion in Q4 2021, a 29 percent increase based on year-on-year data.

Finally, its diversification gives it the edge over its competitors. Besides its smartphone business, it’s a name to reckon with in the PC, tablets, and smartwatches space. Again, it’s making headway in the smart home front with its HomeKit smart home product.

The full story and statistics can be found here: https://tradingplatforms.com/blog/2022/01/03/apples-2021-revenues-are-up-4x-the-last-11-years/

More Info:

This news is published on the Investorideas.com Newswire – a global digital news source for investors and business leaders

Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions.

More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com

Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

You may also like

Leave a reply

Your email address will not be published.

More in Latest News