Apple’s fourth quarter sees a record September quarter for revenue, earnings per share

Apple has announced financial results for its fiscal 2022 fourth quarter that ended Sept. 24. The tech giant posted a September quarter record revenue of $90.1 billion, up 8% year-over-year, and quarterly earnings per diluted share of $1.29, up 4% year-over-year. 

Annual revenue was US$394.3 billion, up 8% year over year, and annual earnings per diluted share were $6.11, up 9% year-over-year.

The iPhone garnered approximately $43 billion in revenue during the quarter compared to $39 billion in the year-ago quarter. The Mac generated $11.5 billion in revenue during the quarter compared to $9.2 billion in the year-ago quarter. 

The iPad  collected $7.2 billion in revenue during the quarter compared to $8.3 billion in the year-ago quarter. The Wearables, Home, and Accessories” category (Apple Watch, AirPods line, HomePod mini, Apple TV, etc.) saw $9.7 billion in revenue during the quarter compared to $8.8 billion in the year-ago quarter. And Services (Apple Music, Apple TV+, Apple News, Apple Arcade, AppleCare, etc.) raised $19.2 billion in revenue compared to $18 billion in the year ago quarter.

“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 CEO Tim Cook in a press release. “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.”

Chief Financial Office Luca Maestri added: “Our record September quarter results continue to demonstrate our ability to execute effectively in spite of a challenging and volatile macroeconomic backdrop,” said Luca Maestri, Apple’s CFO. “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.”

Apple’s board of directors has declared a cash dividend of $0.23 per share of the Company’s common stock. The dividend is payable on November 10, 2022 to shareholders of record as of the close of business on November 7, 2022.