Despite facing global setbacks, Apple hit multiple positive milestones in 2021. After many of its factories and those of its suppliers were shut down in China owing to COVID, Apple was forced to rethink its supply chain. The global chip shortage added further pressure, costing Apple billions in revenue. But after the company switched to designing more chip components in-house, sales picked up. And Apple finished the year with a gargantuan $94 billion in profits—outperforming every other U.S. company on that front. Apple also gained significant market share in the U.S. personal computing market with its Mac lineup, bringing in a record $37.4 billion in sales. In entertainment, the company made headlines at the Oscars after Apple TV+ became the first streaming service to win the coveted Best Picture award, for its coming-of-age drama CODA. Apple remained the big dog of the Trillion-Dollar Club, too: Its market valuation briefly topped $3 trillion in January 2022, though by August it had receded to a mere $2.4 trillion—still higher than any other publicly traded company. Not everything was rosy for CEO Tim Cook: In early 2022, he faced considerable employee backlash for receiving a hefty $99 million pay package in 2021, and the company has been forced to delay its return-to-office plans.
Ren Yong—SOPA Images/LightRocket Getty Images
Company Information
As of 8/3/2022
Country
U.S.
Headquarters
Cupertino, Calif.
Industry
Computers, Office Equipment
CEO
Timothy D. Cook
Website
Company Type
Public
Ticker
AAPL
Revenues ($M)
$365,817
Profits ($M)
$94,680
Market Value ($M)
$2,443,962
Employees
154,000
Figures are for fiscal year ended Sept. 30, 2021. Market value as of July 19, 2022.
Key Financials (Last Fiscal Year)As of 8/3/2022
($ Millions)
% change
Revenues ($M)
$365,817
33.3%
Profits ($M)
$94,680
64.9%
Assets ($M)
$351,002
-
Total Stockholder Equity ($M)
$63,090
-
Profit RatiosAs of 8/3/2022
Profit as % of Revenues
25.9%
Profits as % of Assets
27%
Profits as % of Stockholder Equity
150.1%
Apple Rank History
Historical Data
Year | Revenues ($M) | Profits ($M) | Assets ($M) | Total Stockholder Equity ($M) |
---|---|---|---|---|
2021 | $274,5155.5% | $57,4113.9% | $323,888 | $65,339 |
2020 | $260,174-2% | $55,256-7.2% | $338,516 | $90,488 |
2019 | $265,59515.9% | $59,53123.1% | $365,725 | $107,147 |
2018 | $229,2346.3% | $48,3515.8% | $375,319 | $134,047 |
2017 | $215,639-7.7% | $45,687-14.4% | $321,686 | $128,249 |
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Lists ranking Apple
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Apple’s Tim Cook takes a rare CEO pay cut after investor pushback. But he’ll still earn a fortuneJanuary 12, 2023, 11:51 PM UTC - Tech
Apple is working on a new Mac update that Steve Jobs called ‘terrible’January 12, 2023, 11:38 AM UTC
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