Editing Apple Inc. (section)

=== Financial Performance: A Year of Record Growth   ===
Apple’s financial health in 2021 was nothing short of remarkable. The company reported annual revenue of $365.8 billion, a 33% increase from the previous year. This growth was driven by strong performances across its product lines, particularly the iPhone, which accounted for over half of total revenue. The services segment, including Apple Music, iCloud, and the App Store, also played a pivotal role, generating $68.4 billion—a 27% rise from 2020 <ref>{{cite web |url=https://www.macrumors.com/2021/01/27/apple-1q-2021-earnings/ |quote=Apple's Q1 2021 revenue was $111.4 billion with a net profit of $28.8 billion. }}</ref>.  

Net income surged to $94.7 billion, a 65% increase, reflecting Apple’s ability to maintain profitability despite global supply chain disruptions. Operational efficiency was a key focus, with the company strategically investing in its supply chain and semiconductor capabilities. This effort paid off, as Apple’s gross margin improved to 42.5%, up from 38.2% in 2020, showcasing better cost management and a favourable product mix <ref>{{cite web |url=https://www.macrumors.com/2021/10/28/apple-4q-2021-earnings/ |quote=Apple's Q4 2021 revenue was $83.4 billion with a net profit of $20.6 billion. }}</ref>.  

Quarterly highlights included a record-breaking Q1 2021, with revenue of $111.4 billion and net income of $28.8 billion, and a strong Q4 finish, with $83.4 billion in revenue and $20.6 billion in net profit <ref>{{cite web |url=https://www.macrumors.com/2021/01/27/apple-1q-2021-earnings/ |quote=Apple's Q1 2021 revenue was $111.4 billion with a net profit of $28.8 billion. }}</ref><ref>{{cite web |url=https://www.macrumors.com/2021/10/28/apple-4q-2021-earnings/ |quote=Apple's Q4 2021 revenue was $83.4 billion with a net profit of $20.6 billion. }}</ref>. These metrics highlight Apple’s financial resilience and market dominance in 2021.  

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