Apple Reports $123.9 Billion in Revenue, Highest Ever

<p><span class&equals;"pagebody-location"><strong>CUPERTINO<&sol;strong> &&num;8212&semi; <&sol;span> Apple announced financial results for its fiscal 2022 first quarter ended last Christmas on December 25&comma; 2021&period; The Company posted an all-time revenue record of &dollar;123&period;9 billion&comma; up 11 percent year over year&comma; and quarterly earnings per diluted share of &dollar;2&period;10&period;<&sol;p>&NewLine;<p>Apple reported &dollar;71&period;6 billion in revenue just from iPhone sales&comma; up from &dollar;65&period;5 billion a year ago&comma; which includes the recently launched iPhone 13 and iPhone 13 Pro&period; The company reported sales gains in all categories &&num;8212&semi; iMac&comma; Services and Wearables &&num;8212&semi; with the iPad the only group seeing a sales decline&period;<&sol;p><&sol;div>&NewLine;<p>&OpenCurlyDoubleQuote;This quarter’s record results were made possible by our most innovative lineup of products and services ever&comma;” said Tim Cook&comma; 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&comma; and pushing forward with our work in education and racial equity and justice&period;”<&sol;p>&NewLine;<p>Apple now has a whopping &dollar;63&period;9 billion in cash and marketable securities on hand&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;The very strong customer response to our recent launch of new products and services drove double-digit growth in revenue and earnings&comma; and helped set an all-time high for our installed base of active devices&comma;” said Luca Maestri&comma; Apple’s CFO&period; &OpenCurlyDoubleQuote;These record operating results allowed us to return nearly &dollar;27 billion to our shareholders during the quarter&comma; as we maintain our target of reaching a net cash neutral position over time&period;”<&sol;p><&sol;div>&NewLine;