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Record profits for Apple in the fourth quarter of 2022

In a very busy week for Google, Amazon and Meta, Apple announced its profits for the fiscal fourth quarter of 2022. And it left everyone speechless. The company has registered a record quarter revenue of $ 90.1 billion, and a profit of $ 20.7 billion. In short, a much better result than the – ruinous – trend of the sector market.

Apple: Record Fourth Quarter 2022 Profits

Apple no longer reports unit sales for each of its products but reveals a breakdown of revenue by product category. And here’s the one for the fourth quarter of 2022.

  • iPhone: $ 42.63 billion, up 9.8% year-on-year
  • Mac: $ 11.51 billion, up 25.4% year-on-year
  • iPad: $ 7.17 billion, down 13.1% year-on-year
  • Wearable, home and accessories: $ 9.65 billion, up 9.8% year-on-year
  • Services: $ 19.19 billion, up 5% year-on-year.

As you can see, the company has achieved excellent results, albeit unexpected by analysts. On the other hand, this has been a very important quarter for Apple, which has launched numerous products on the market. From June 26th to September 24th we saw the new series of iPhone 14the new ones Apple Watch and the MacBook Air M2. While these innovations were only on the market for a small portion of the fourth quarter, they are likely to weigh more on Apple’s profits in the first quarter of 2023.

“This quarter’s results reflect Apple’s commitment to our customers, to pursue innovation and to make the world better.” So he commented Tim Cook, CEO of Apple. “As we approach the holiday season with our most powerful lineup ever, we are moving 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. “

He CFO Luca Maestri he added: “Our record results for the September quarter continue to demonstrate our ability to act effectively despite a difficult and volatile macroeconomic environment. 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 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 ”.

Walker Ronnie is a tech writer who keeps you informed on the latest developments in the world of technology. With a keen interest in all things tech-related, Walker shares insights and updates on new gadgets, innovative advancements, and digital trends. Stay connected with Walker to stay ahead in the ever-evolving world of technology.