Apple today announced financial results for its fiscal 2022 fourth quarter ending September 24, 2022. The company reported record revenue of $ 90.1 billion, up 8% year-over-year, and quarterly earnings per share. diluted by $ 1.29, up 4% year on year. Annual revenue was $ 394.3 billion, up 8% year-over-year, and diluted earnings per share were $ 6.11, up 9% year-over-year.
Analyst consensus estimates (for Refinitiv) required Apple to report EPS of $ 1.27 per share on revenue of $ 88.90 billion.
“This quarter’s results reflect Apple’s commitment to our customers, to pursue innovation and to leave the world better than we found it,” said Tim Cook, Apple’s CEO, in a statement. “As we approach the holiday season with our most powerful lineup ever, we are guiding with our values in every action we take and in every decision we make. We are deeply committed to protecting the environment, ensuring user privacy, enhancing accessibility and creating products and services that can unlock humanity’s full creative potential. “
Quarterly net sales by category:
• iPhone: $ 42.626 billion (versus $ 38.868 billion yoy)
• Services: $ 19.188 billion (versus $ 18.277 billion yoy)
• Mac: $ 11.508 billion (versus $ 9.178 billion yoy)
• Wearables, Home & Accessories: $ 9.650 billion (versus $ 8.785 billion yoy)
• iPad: $ 7.174 billion (versus $ 8.252 billion yoy)
Annual net sales by category:
• iPhone: $ 205.489 billion (versus $ 191.973 in 2021)
• Services: $ 78.129 billion (versus $ 68.425 billion in 2021)
• Mac: $ 40.177 billion (versus $ 35.190 billion in 2021)
• Wearables, home and accessories: $ 41.241 billion (compared to 38.367 billion in 2021)
• iPad: $ 29.292 billion (versus $ 31.862 billion in 2021)
“Our record results for the September quarter continue to demonstrate our ability to act effectively despite a difficult and volatile macroeconomic environment,” said Luca Maestri, Apple’s CFO, in a statement. “We continued to invest in our long-term growth plans, generated over $ 24 billion in operating cash flow and returned over $ 29 billion to our shareholders during the quarter. The strength of our ecosystem, unmatched customer loyalty and record sales have pushed our active installed device base to a new all-time high. This quarter closed another record year for Apple, with revenues up over $ 28 billion and operating cash flow up $ 18 billion over last year. “
Apple’s board of directors has declared a cash dividend of $ 0.23 per share of the Company’s common stock. The dividend is payable on November 10, 2022 to shareholders registered at the close of business on November 7, 2022.
Apple will provide live streaming of the Q4 2022 financial results conference call starting at 2:00 PM PT on October 27, 2022 at apple.com/investor/earnings-call. This webcast will be available for replay for approximately two weeks thereafter.
MacDailyNews takes: A bright spot in a dark tech market.
Help us support MacDailyNews. Click or tap here to support ours independent technology blog. Thank you!
Buy the Apple Store on Amazon.