Apple and Amazon publish their latest quarterly financials


Apple and Amazon are the latest tech companies to post their financial results for Q3 2021, and while both are still serious moneymakers – $83.4bn and $110.8bn of revenues respectively – both narrowly missed their forecasts for the quarter. That’s a reflection of the global supply-chain crunch that’s currently happening.

On the digital side, however, both companies are still growing well. Apple’s services division generated $5.4bn of revenue in Q3 (its fiscal Q4) which was up 12.1% year-on-year. Meanwhile, Amazon’s revenue from subscription services grew by 24% year-on-year to $8.15bn.

No new figures for Apple Music or Amazon Music as part of this, but both are playing their part in the two companies’ growth in services and subscriptions.

Written by: Stuart Dredge