Home Apple’s 2021 revenues are up 4X the last 11 years
Finance News

Apple’s 2021 revenues are up 4X the last 11 years

Edith Muthoni Freelance Writer Author expertise
Fact Checked
Fact Checked
Everything you read on our site is provided by expert writers who have many years of experience in the financial markets and have written for other top financial publications. Every piece of information here is fact-checked. We sometimes use affiliate links in our content, when clicking on those we might receive a commission - at no extra cost to you. By using this website you agree to our terms and conditions and privacy policy.
We do our best to help you make intelligent financial decisions. Tradingplatforms.com is compensated if you access certain products or services offered by eToro USA LLC and/or eToro USA Securities Inc. and other brokerage companies. Any testimonials contained in this communication may not be representative of the experience of other eToro customers and such testimonials are not guarantees of future performance or success. This however does not affect our assessments of the brokers, their features, and their overall rating.

American tech giant Apple has quadrupled its revenue over the previous 11 years. That’s according to data presented by tradingplatforms.com

The data showed that the firm’s 2021 revenues hit the $ 365.82 billion mark. This figure represents a four-fold increase from its 2011 revenues. Then, Apple had recorded an income of $108.2 billion before expenses.

Apple’s consistent growth

Speaking on the development, tradingplatform.com’s Edith Reads says, ” 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.”

This development is welcome news for Apple’s current and potential investors. Apple’s stock( AAPL) under Tim Cook’s leadership has grown tenfold over the same time. At press time, AAPL was trading at $179, an increase of almost 1400 percent from its 31 December 2011’s adjusted value of $13.

Again, its market cap has grown significantly. At a $2.9 trillion cap, it is a heart-bit away from hitting the $3 trillion mark. As such, it remains the most valuable company by market capitalization globally. 

Moreover, Apple’s performance in the last decade has beaten the S&P 500 3 to 1. Barring any sudden shifts, these indicators point to a healthy trading future.

So what’s pushing Apple’s remarkable performance? 

The available data points to three main factors. First is the growing demand for the firm’s flagship product, the iPhone. 

According to Statista, iPhone sales contributed 47 per cent, the lion’s share, of the firm’s revenue. Additionally, it reaped big from the home, accessories, and wearables services.

Secondly, the firm showed remarkable resilience despite the COVID-19 challenges. Whereas other firms took massive hits from the pandemic, Apple registered growths. Its Q4 2021 results, for instance, show that it made over $ 83 billion. That’s a growth of 29 per cent basing on year on year data.

Finally, the differentiation of its products gives it the edge over the competition. Besides the phone sector, it has etched its name in the PC, tablets, and smartwatch markets. It’s also making headway in the smart home sector with its HomeKit smart home product.

Since its inception in 1976, Apple.Inc has cut a niche for electronics, software, and online services. Today it’s the most prominent IT firm by revenue. The California headquartered outfit is the fourth largest PC and smartphone seller.

Question & Answers (0)

Have a question? Our panel of experts will answer your queries. Post your Question

Leave a Reply

Write a Review

Your email address will not be published. Required fields are marked *

Edith Muthoni Freelance Writer

Edith Muthoni Freelance Writer

Edith is a dynamic and seasoned finance writer with a focus on crypto and trading - featured on different platforms, including Cryptopolitan.com, Insidebitcoins.com, and Learnbonds.com. With a Bachelor's Degree in Actuarial Science from Strathmore School of Business, Edith combines her education and experience to analyze complex market trends. This solid foundation also enables her to simplify complex trading strategies, delivering informative content, relevant to our fast-paced economy.

Edith's passion for finance and cryptocurrency keeps her at the forefront of industry news. She creates content that empowers her readers. She’s also a personal finance coach, providing expert advice on trading and other intricate finance issues