AppleNews

Apple Reports $123.9 Billion in Revenue, Highest Ever

CUPERTINO &&num;8212&semi; Apple announced financial results for its fiscal 2022 first quarter ended last Christmas on December 25, 2021&period; The Company posted an all-time revenue record of &dollar;123&period;9 billion, up 11 percent year over year, and quarterly earnings per diluted share of &dollar;2&period;10&period;&NewLine;Apple reported &dollar;71&period;6 billion in revenue just from iPhone sales, up from &dollar;65&period;5 billion a year ago, which includes the recently launched iPhone 13 and iPhone 13 Pro&period; The company reported sales gains in all categories &&num;8212&semi; iMac, Services and Wearables &&num;8212&semi; with the iPad the only group seeing a sales decline&period;</div>&NewLine;&OpenCurlyDoubleQuote;This quarter’s record results were made possible by our most innovative lineup of products and services ever,” said Tim Cook, Apple’s CEO&period; &OpenCurlyDoubleQuote;We are gratified to see the response from customers around the world at a time when staying connected has never been more important&period; 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&period;”&NewLine;Apple now has a whopping &dollar;63&period;9 billion in cash and marketable securities on hand&period;&NewLine;&OpenCurlyDoubleQuote;The very strong customer response to our recent launch of new products and services drove double-digit growth in revenue and earnings, and helped set an all-time high for our installed base of active devices,” said Luca Maestri, Apple’s CFO&period; &OpenCurlyDoubleQuote;These record operating results allowed us to return nearly &dollar;27 billion to our shareholders during the quarter, as we maintain our target of reaching a net cash neutral position over time&period;”</div>&NewLine;

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