Today is the day: another Apple’s earnings report. The company, like so many others, has had to battle through a variety of world-altering conditions, including a global pandemic and chip shortage. But, the company’s third fiscal quarter of 2022 seems to be okay enough.
Of course, it’s not a holiday stretch, which means it’s not as good as Apple’s most profitable stretches. Still, earning yet another billion is nothing to scoff at. So, on Thursday, July 28, 2022, Apple officially reported its third fiscal quarter earnings, managing to sweep in $83.0 billion in reported revenue over the last three months.
Apple saw a total of $19.4 in total profit. In total, Apple saw a 2% year-over-year increase compared to the third fiscal quarter of 2021.
From today’s announcement:
Apple today announced financial results for its fiscal 2022 third quarter ended June 25, 2022. The Company posted a June quarter revenue record of $83.0 billion, up 2 percent year over year, and quarterly earnings per diluted share of $1.20.
As usual, Apple’s CEO, Tim Cook, weighed in on the results:
This quarter’s record results speak to Apple’s constant efforts to innovate, to advance new possibilities, and to enrich the lives of our customers. As always, we are leading with our values, and expressing them in everything we build, from new features that are designed to protect user privacy and security, to tools that will enhance accessibility, part of our longstanding commitment to create products for everyone.
And, of course, the company’s CFO, Luca Maestri, also had something to say:
Our June quarter results continued to demonstrate our ability to manage our business effectively despite the challenging operating environment. We set a June quarter revenue record and our installed base of active devices reached an all-time high in every geographic segment and product category. During the quarter, we generated nearly $23 billion in operating cash flow, returned over $28 billion to our shareholders, and continued to invest in our long-term growth plans.
And here’s how it breaks down per segment, even if Apple doesn’t give us exact sales numbers anymore. Some highlights here are a 3% increase year-over-year for iPhone, a whopping 10 percent decrease year-over-year for Mac, and a huge 12% increase year-over-year for Services:
- iPhone: $40.67 billion
- Mac: $7.38 billion
- iPad: $7.22 billion
- Wearables, Home and Accessories: $8.08 billion
- Services: $19.60 billion
Apple will host its earnings sales call following these results. It’s likely the company will boast about elements like the Services division and other points. However, it’s unlikely any major reveals or announcements will come from the call.