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Apple earned $90.15B in fourth quarter of 2022

Apple CEO Tim Cook

Last updated

Apple earned $90.15 billion in revenue for the fourth fiscal quarter of 2022, according to results released on Thursday.

Published on Thursday ahead of its quarterly conference call with investors and analysts, Apple's achieved $90.15B in revenue. The quarter for the three-month period ending in September also reported earnings per share of $1.29.

Revenue derived from the iPhone hit $42.6 billion for the quarter. The iPad revenue reached $7.17 billion. Mac revenue is $11.5B.

The ever-dependable Services saw continued growth to $19.18 billion in revenue. Wearables, Home, and Accessories was reported at $9.65 billion.

Launches that would've had an effect on the quarter include the M2 MacBook Pro and M2 MacBook Air from June and July respectively.

While Apple did launch a number of popular models, including the iPhone 14 range, the Apple Watch Series 8, the second-generation Apple Watch SE, and Apple Watch Ultra, they all appeared in late September, too late to make a massive impact on the quarter's results. They will, however, heavily dictate the fortunes of Apple in the Q1 2023 results, which typically benefits from seasonal holiday sales.

"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 comments accompanying the results. "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."

CFO Luca Maestri said the record September results "continue to demonstrate our ability to execute effectively in spite of a challenging and volatile macroeconomic backdrop."

Apple also issued details of its full-year results, with annual revenue of $394.3 billion up 8% year-on-year and with an annual earnings per diluted share of $6.11, up 9%.