Sunday, February 25, 2024

Apple Reports Record 1Q 2022 Results: $34.6B Profit on $123.9B Revenue [Live Coverage]

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Apple today announced financial results for the first fiscal quarter of 2022, which corresponds to the fourth calendar quarter of 2021.

For the quarter, Apple posted revenue of $123.9 billion and net quarterly profit of $34.6 billion, or $2.10 per diluted share, compared to revenue of $111.4 billion and net quarterly profit of $28.8 billion, or $1.68 per diluted share, in the year-ago quarter.

Despite headwinds from chip shortages and other supply chain issues that Apple had previously said would hamper its ability to meet customer demand during the quarter, Apple’s revenue and earnings for the quarter were all-time records. Apple’s iPhone, Mac, Wearables, and Services segments also recorded all-time highs for revenue.

Gross margin for the quarter was 43.8 percent, compared to 39.8 percent in the year-ago quarter. Apple also declared a quarterly dividend payment of $0.22 per share, payable on February 10 to shareholders of record as of February 7.

“This quarter’s record results were made possible by our most innovative lineup of products and services ever,” said Tim Cook, Apple’s CEO. “We are gratified to see the response from customers around the world at a time when staying connected has never been more important. We are doing all we can to help build a better world — making progress toward our goal of becoming carbon neutral across our supply chain and products by 2030, and pushing forward with our work in education and racial equity and justice.”

As has been the case for well over a year now, Apple is once again not issuing guidance for the current quarter ending in March.


Apple will provide live streaming of its fiscal Q1 2022 financial results conference call at 2:00 pm Pacific, and MacRumors will update this story with coverage of the conference call highlights.

Conference call starts at 2:00 p.m. Pacific – No need to refresh loading.gif

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Tag: earnings
This article, “Apple Reports Record 1Q 2022 Results: $34.6B Profit on $123.9B Revenue [Live Coverage]” first appeared on MacRumors.com

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