iPhone has always been Apple’s most popular product, and now iPhone revenue set a September quarter record with 47% growth from the same quarter in the previous year. Out of Apple’s $83.4 billion revenue in Q4 2021, iPhone sales accounted for $38.9 billion despite supply constraints.
Apple launched its first 5G iPhone 12 series in 2020 with four models targeting middle to high price markets. The 2020 flagship series was an instant hit, especially the higher tier models with larger displays in the COVID-19 pandemic. Even ahead of iPhone 13’s launch, the demand for the iPhone 12 series was strong and that has achieved Apple another successful quarter.
iPhone’s Q4, 2021 revenue record was driven by the popularity of the iPhone 12 series with 5G network support high customer satisfaction
At the Q4 2021 earnings call, Apple’s CFO Luca Maestri elaborated that iPhone 12 series saw strong demand and consumers’ response to the latest flagship series is also positive.
iPhone revenue grew 47% year-over-year and set a September quarter record of $38.9 billion despite supply constraints as customer demand was very strong. The iPhone 12 family continued to perform very well, and we are seeing enthusiastic customer response to the launch of our iPhone 13 family. We also grew double digits in each geographic segment, setting September quarter records in both developed and emerging markets.
He added that the high rate of customer satisfaction with the iPhone has successfully increased the company’s active install base. “The latest survey of U.S. consumers from 451 Research indicates iPhone customer satisfaction of 98% for iPhone, and our active installed base of iPhones reached a new all-time high.”
Although too early to talk about iPhone 13’s performance, Apple CEO Tim Cook expressed optimism with the latest flagship series’ performance, along with other new products.
We are optimistic about the future, especially as we see strong demand for our new products. At the end of the September quarter, we introduced our iPhone 13 lineup as well as the Apple Watch Series 7, iPad and iPad mini, all of which represent significant advances. The iPhone 13 and iPhone 13 mini, alongside the iPhone 13 Pro and Pro Max, are setting a new standard with their superfast performance, advanced camera systems, longer battery life and brilliant Super Retina displays.
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