Apple Q3 2022 results: new quarterly revenue record
Apple reveals its financial results for the third quarter of its fiscal year 2022. This corresponds to the second quarter in our calendar, from the beginning of April to the end of June.
A quarterly record for revenue
Apple’s revenue was $82.96 billion, up a slight 1.88% from the same period a year ago. This is a record for the third quarter of the fiscal year. Profit amounted to 19.44 billion dollars, down 10.58% on a comparable basis. Earnings per share came in at $1.20, where it was $1.30 previously. By comparison, analysts were expecting revenue of $82.81 billion and earnings per share of $1.16.
Here is the detail :
- iPhone: $40.67 billion in revenue (+2.77% compared to the same period a year ago)
- Mac: $7.38 billion (-10.36%)
- iPad: $7.22 billion in revenue (-1.95%)
- Apple Watch and other accessories: $8.08 billion (-7.87%)
- Services (iCloud, Apple Music, App Store, etc.): $19.60 billion (+12.11%)
Following the publication of the results, the action of Apple is up 2.60% to 161.44 dollars in post-session on the Stock Exchange.
Leaders’ statements
“The record results this quarter demonstrate Apple’s ongoing efforts to innovate, advance new possibilities, and enrich the lives of our customers.”said Tim Cook, Apple boss. “As always, we lead with our values and express them in everything we create, whether it’s new features designed to protect user privacy and security, or tools that will improve accessibility, part of our long-standing commitment to creating products for everyone”.
“Our June quarter results continued to demonstrate our ability to effectively manage our business despite a challenging operating environment”says Luca Maestri, Apple’s chief financial officer. “We set a revenue record for the June quarter and our installed base of active devices reached an all-time high in every geographic segment and product category. During the quarter, we generated nearly $23 billion in operating cash flow, returned more than $28 billion to our shareholders, and continued to invest in our long-term growth plans.”.
