Apple posts Q1 2022 earnings results, reporting all-time revenue record of $123.9 billion
Apple has posted its financial earnings results for the first fiscal quarter of 2022, beating Wall Street expectations by reporting an all-time revenue record of $123.9 billion, up 11 percent year over year.
Today’s revenue results cover the lucrative holiday shopping season, with Apple delivering strong year-on-year annual growth despite supply constraints caused by the pandemic and production issues.
Ahead of today’s earnings call with Apple CEO Tim Cook and Chief Financial Officer Luca Maestri, the iPhone maker has declared a cash dividend of $0.22 per share of the Company’s common stock. The dividend is payable on February 10, 2022 to shareholders of record as of the close of business on February 7, 2022.
“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.”
“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. “These record operating results allowed us to return nearly $27 billion to our shareholders during the quarter, as we maintain our target of reaching a net cash neutral position over time.”
Jeez! 🤑 Apple posts Q1 2022 earnings results, reporting all-time revenue record of $123.9 billion, up 11 percent year over year. https://t.co/93pm0EHfBD
— Tom Sykes (@TomSykes) January 27, 2022