Apple reports Q4, 2022 record revenue of $90.1 billion with 8% Y-o-Y growth

For its fourth quarter that ended September 24, 2022, Apple has announced record revenue of $90.1 billion with 8% year-over-year growth and quarterly earnings per diluted share of $1.29 with 4% year-over-year growth. For the same quarter the previous year, the company reported $ $83.4 billion in revenue with 29% Y-o-Y growth.

Financial results for fiscal 2022, the company reported its annual revenue was $394.3 billion with 8% year-over-year growth, and annual earnings per diluted share were $6.11 with 9% year-over-year growth.

Apple Store

In Q3, 2022, the tech giant reported record revenue of $83 billion with 2% Y-o-Y growth. Delighted by another high-performing quarter, Apple CEO Tim Cook said:

“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. 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.”

iPhone, Mac, and Services drove Apple’s sales in Q4, 2022

  • iPhone – $42.7 billion ( an increase from $38.9 billion in Q4, 2021)
  • Mac – $ 11.5 billion ( an increase from $9.1 billion in Q4, 2021)
  • iPad – $7.2 billion (a slight decline from $8.3 billion in Q4, 2021)
  • Wearables, home, and Accessories – $9.7 billion (a slight increase from $8.8 billion in Q4, 2021)
  • Services – $19.2 billion (an increase from $18.2 billion in Q4, 2021)

Apple

Apple’s CFO, Luca Maestri said that the record revenue in Q4, 2022 was a testament to the company’s effective management to overcome economic obstacles. He accredited the remarkable performance to the strength of Apple’s ecosystem and customer loyalty.

“Our record September quarter results continue to demonstrate our ability to execute effectively in spite of a challenging and volatile macroeconomic backdrop. We continued to invest in our long-term growth plans, generated over $24 billion in operating cash flow, and returned over $29 billion to our shareholders during the quarter.

The strength of our ecosystem, unmatched customer loyalty, and record sales spurred our active installed base of devices to a new all-time high. This quarter capped another record-breaking year for Apple, with revenue growing over $28 billion and operating cash flow up $18 billion versus last year.”

About the Author

Addicted to social media and in love with iPhone, started blogging as a hobby. And now it's my passion for every day is a new learning experience. Hopefully, manufacturers will continue to use innovative solutions and we will keep on letting you know about them.

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