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Apple Reports Record 1Q 2022 Results: $34.6B Profit on $123.9B Revenue

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Apple today announced financial results for the first fiscal quarter of 2022, which corresponds to the fourth calendar quarter of 2021.

aapl-1q22-line.jpg

For the quarter, Apple posted revenue of $123.9 billion and net quarterly profit of $34.6 billion, or $2.10 per diluted share, compared to revenue of $111.4 billion and net quarterly profit of $28.8 billion, or $1.68 per diluted share, in the year-ago quarter.

Despite headwinds from chip shortages and other supply chain issues that Apple had previously said would hamper its ability to meet customer demand during the quarter, Apple's revenue and earnings for the quarter were all-time records. Apple's iPhone, Mac, Wearables, and Services segments also recorded all-time highs for revenue.

Gross margin for the quarter was 43.8 percent, compared to 39.8 percent in the year-ago quarter. Apple also declared a quarterly dividend payment of $0.22 per share, payable on February 10 to shareholders of record as of February 7.
“This quarter’s record results were made possible by our most innovative lineup of products and services ever,” said Tim Cook, Apple’s CEO. “We are gratified to see the response from customers around the world at a time when staying connected has never been more important. 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.”
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As has been the case for well over a year now, Apple is once again not issuing guidance for the current quarter ending in March.

aapl-1q22-pie.jpg

Apple will provide live streaming of its fiscal Q1 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 follows below...
Click here to read rest of article...

Article Link: Apple Reports Record 1Q 2022 Results: $34.6B Profit on $123.9B Revenue
 
Article Link
https://www.macrumors.com/2022/01/27/apple-1q-2022-earnings/
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Reactions: DeepIn2U, SurferPup and BuddyTronic
I bought a lot of Apple stock in my IRA a few years ago and continue buying more on the dips

I’m definitely planning to keep adding more shares and am holding it as a long-term investment

Apple’s future looks bright when considering their now industry leading chips and an Apple Car on the horizon so I’m really looking forward to their upcoming products as both an investor and a huge fan

From what I’ve been reading lately, 2022 is gearing up to be another blockbuster year for Apple so I’m really looking forward to it!
 
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Reactions: DeepIn2U, bradl, Bako-MacAddict and 11 others
We’re at the front end of a multi-year demand cycle for MBP’s & iMacs until most customers have upgraded to the Apple Silicon machines. These are exciting times, and I say that as a fan of the company (I do not own any Apple stock).
 
When you look at Apple net sales, obviously the hardware is dominant [As it traditionally is], but I still think a crucial aspect of that is services. Apple products sell themselves, so there’s no issue there. I do think services is the area they could see more growth, and they’re expanding, but I think when you have more consumers involved in services, it integrates them even more into the product line and in the household.
 
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CrispyApple54 said:
Nonsense. They continue to add features and flagship iPhones start at similar prices as they have for years. Wondering you’ve noticed inflation in broader markets recently?
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Fallen for Apple’s narrative there. Computer component prices always, always reduced over time (until Tim Cook took charge of Apple and changed the industry).

How does inflation explain the original cost of the Apple III ffs?
 
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Reactions: neuropsychguy, SuperCachetes, turbineseaplane and 1 other person
back to elementary school i guess. 120 days ???

BuddyTronic said:
Booya! Biggest revenue ever!

120 days in a quarter and $124 BILLION revenue.

That’s like almost more than one billion dollars in the cash register daily! And a Billion is a lot more than a million!

Way more.
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