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

4q22-line.jpg

For the quarter, Apple posted revenue of $90.1 billion and net quarterly profit of $20.7 billion, or $1.29 per diluted share, compared to revenue of $83.4 billion and net quarterly profit of $20.6 billion, or $1.24 per diluted share, in the year-ago quarter.

Gross margin for the quarter was 42.3 percent, compared to 42.2 percent in the year-ago quarter. Apple also declared a quarterly dividend payment of $0.23 per share, payable on November 10 to shareholders of record as of November 7.

For the full fiscal year, Apple set new company records with $394.3 billion in sales and $99.8 billion in net income, up from $365.8 billion in sales and $94.7 billion in net income for fiscal 2021.
"This quarter's results reflect Apple's commitment to our customers, to the pursuit of innovation, and to leaving the world better than we found it," said Tim Cook, Apple's CEO. "As we head into the holiday season with our most powerful lineup ever, we are leading with our values in every action we take and every decision we make. We are deeply committed to protecting the environment, to securing user privacy, to strengthening accessibility, and to creating products and services that can unlock humanity's full creative potential."
As has been the case for over two years now, Apple is once again not issuing guidance for the current quarter ending in December.

4q22-pie.jpg

Apple will provide live streaming of its fiscal Q4 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 recap ahead...
Click here to read rest of article...

Article Link: Apple Reports 4Q 2022 Results: $20.7B Profit on $90.1B Revenue
 
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  • Wow
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phill85

macrumors regular
Jul 19, 2010
109
390
They could increase those declining iPad sales by putting out a 14 and 16 inch iPad Pro, and make it closer to MacOS…
 
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BuddyTronic

macrumors 68000
Jul 11, 2008
1,731
1,295
Well Booya Apple!

Another all time record revenue quarter? How can anyone complain about that?

Hope they jack up the dividend in April though - the ridiculous volatility of the stock is too much
 

compwiz1202

macrumors 603
May 20, 2010
6,051
4,087
I didn't even know they still had iPods. Now discontinued. Maybe because people don't know they exist and because they are barely cheaper than an SE
 
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GMShadow

macrumors 6502a
Jun 8, 2021
928
3,629
iPad being down isn't a surprise - a mixture of no real updates to the product line (apart from the Mini, which is a tiny part of the pie) for years, as well as people waiting for new iPads in October.

We'll see how Q1 looks but I wouldn't be surprised if it's flat.
 

Rogifan

macrumors Core
Nov 14, 2011
23,459
29,739
Second quarter in a row where Apple’s services revenues are down. Dropped to single digit growth for the first time in a long time. Not good, especially if Wall Street is demanding Apple grow services. Who knows what the company will do to try and get those numbers back up.
 

Realityck

macrumors 603
Nov 9, 2015
6,225
9,083
Silicon Valley, CA
They did well in the 4th quarter all things considering. Still don't like they have to increase revenue though raising subscription costs for their services. See Mac Sales have increased a bit even without really that many new product introductions. (Mac Studio, and M2 MBA/M2 13" MBP only)
 
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SFjohn

macrumors 65816
Sep 8, 2016
1,485
2,889
Second quarter in a row where Apple’s services revenues are down. Dropped to single digit growth for the first time in a long time. Not good, especially if Wall Street is demanding Apple grow services. Who knows what the company will do to try and get those numbers back up.
Adds of course, + increasing prices on most services…
 

vegetassj4

macrumors 6502a
Oct 16, 2014
811
2,561

senttoschool

macrumors 68000
Nov 2, 2017
1,787
3,700
Absolutely saved by the Mac.

No surprise. Apple Silicon is generations ahead of AMD and Intel chips.

Macs are growing at 25% while PCs are declining at 15% YoY.

Wallstreet underrated the Mac. Apple only has about 10% of the market. There is a lot of room to grow. Macs could one day dominate like the iPhone.

Also, it turned out that IDC’s report was far more accurate than Gartner’s.

PS. I'm very thankful to own Apple as my big tech stock over Amazon and Meta. https://forums.macrumors.com/thread...-i-can-use-gains-to-buy-an-m1-laptop.2275952/
 
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applesith

macrumors 68030
Jun 11, 2007
2,747
1,486
Manhattan
Beat estimates as expected.

It's a mixed bag. They barely beat some and missed on others. Analysts had predicted $1.27 earnings per share, which Apple narrowly beat. iPad and services revenue missed expectations: $7.17 billion vs $7.94 billion estimated and $19.19 billion vs $20.10 billion estimated, respectively. iPhone revenue also missed expectations: $42.63 billion vs $43.21 estimated. Overall “products revenue” was a beat, with analysts predicting $69.04 billion and Apple hitting $70.96 billion.
 
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dmylrea

macrumors 601
Sep 27, 2005
4,230
5,941
Well Booya Apple!

Another all time record revenue quarter? How can anyone complain about that?

Hope they jack up the dividend in April though - the ridiculous volatility of the stock is too much
I guess anyone that actually buys their overpriced products could complain that they could lower the prices (or keep them the same instead of raising them) and still make a profit? I mean $20B in profit and they need to jack up the rates of Apple TV+ and iPad? Give me a break.

EDIT: One has to wonder what kind of bonus Timmy gets on the back premium-priced products and services + increased prices this year?
 
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