Apple earned $90.15B in fourth quarter of 2022

AppleInsiderAppleInsider
Posted:
in AAPL Investors edited October 2022
Apple earned $90.15 billion in revenue for the fourth fiscal quarter of 2022, according to results released on Thursday.

Apple CEO Tim Cook
Apple CEO Tim Cook


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%.

Read on AppleInsider
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Comments

  • Reply 1 of 27
    eightzeroeightzero Posts: 3,063member
    That's a metric fucktone of money. 
    jas99lkruppAlex_Vgrandact73watto_cobra
  • Reply 2 of 27
    robin huberrobin huber Posts: 3,956member
    That should drive the share price down. Wall Street’s short-selling “Apple is doomed” crowd hate success. 
    jas99lordjohnwhorfindanoxAlex_Vmarklarkwatto_cobra
  • Reply 3 of 27
    canukstormcanukstorm Posts: 2,699member
    That YoY Mac growth is incredible.
    lordjohnwhorfin9secondkox2Alex_Vwatto_cobra
  • Reply 4 of 27
    snowweaselsnowweasel Posts: 35member
    robin huber said:
    That should drive the share price down. Wall Street’s short-selling “Apple is doomed” crowd hate success. 
    It really is absurd, isn’t it? Record quarter? Growth in China when everyone else is struggling? Apple is doomed! 😂🤷‍♂️
    spock1234baconstangAlex_Vwatto_cobra
  • Reply 5 of 27
    eightzeroeightzero Posts: 3,063member
    robin huber said:
    That should drive the share price down. Wall Street’s short-selling “Apple is doomed” crowd hate success. 
    Likely welcomed with open arms by AAPL and their plans for share buybacks.
    spock1234baconstangradarthekatwatto_cobra
  • Reply 6 of 27
    waveparticlewaveparticle Posts: 1,497member
    Investors will move their money from Meta Platforms, Google, Microsoft, and Amazon to AAPL. 
    spock1234KTRAlex_V
  • Reply 7 of 27
    macsince1988macsince1988 Posts: 70member
    Apple did NOT earn $90.15B in fourth quarter of 2022.  That is their total revenue.  They earned $20.72B, for a profit margin of 22.99%.
    williamlondonbaconstangAlex_Ventropyswatto_cobra
  • Reply 8 of 27
    lkrupplkrupp Posts: 10,557member
    waveparticle said:
    Investors will move their money from Meta Platforms, Google, Microsoft, and Amazon to AAPL. 
    Meta lost almost 25% of its value today. Zuck is in the shitter big time. And yes, AAPL is down $2.00 in after hours trading. Go figure.
    williamlondonAlex_Vzeus423watto_cobra
  • Reply 9 of 27
    focuspullerfocuspuller Posts: 60member
    AAPL being the most shorted stock means there is a period of rapid, massive short covering in the cards.
    spock1234watto_cobra
  • Reply 10 of 27
    mpantonempantone Posts: 2,040member
    AAPL being the most shorted stock means there is a period of rapid, massive short covering in the cards.
    What are you smoking?

    AAPL short percentage is 0.68%.
    edited October 2022 radarthekatgrandact73watto_cobra
  • Reply 11 of 27
    danoxdanox Posts: 2,841member
    waveparticle said:
    Investors will move their money from Meta Platforms, Google, Microsoft, and Amazon to AAPL. 
    I moved from Facebook 6 months after their IPO back to Apple temporary greed on my part.
    watto_cobra
  • Reply 12 of 27
    KTRKTR Posts: 279member
    Apple doomed my ass….. lol
    Apple going out of business my ass….. lol
    watto_cobra
  • Reply 13 of 27
    baconstangbaconstang Posts: 1,105member
    macsince1988 said:
    Apple did NOT earn $90.15B in fourth quarter of 2022.  That is their total revenue.  They earned $20.72B, for a profit margin of 22.99%.
    They NEVER get that right.
    Don't start me on the typos...
    grandact73watto_cobra
  • Reply 14 of 27
    radarthekatradarthekat Posts: 3,842moderator
    macsince1988 said:
    Apple did NOT earn $90.15B in fourth quarter of 2022.  That is their total revenue.  They earned $20.72B, for a profit margin of 22.99%.
    If you have a business and you go out on a sales call to a prospect and you convince that prospect to become a customer, then you have earned that prospect's business.  There's more than one context in which the term earned can be used.  

    Apple earned $90.15B in revenue in the fourth quarter of 2022, resulting in $20.72B of profits.  Both are true.  
    Alex_Vspock1234tmaywatto_cobra
  • Reply 15 of 27
    22july201322july2013 Posts: 3,570member
    The word "earn" can refer to either gross income or net income, according to the thesaurus on my Mac. By itself, it's ambiguous. But the article's first sentence makes it clear.
    edited October 2022 watto_cobra
  • Reply 16 of 27
    larryjwlarryjw Posts: 1,031member
    That should drive the share price down. Wall Street’s short-selling “Apple is doomed” crowd hate success. 
    It really is absurd, isn’t it? Record quarter? Growth in China when everyone else is struggling? Apple is doomed! ߘⰟ䷦zwj;♂️
    In context, Apples stock price is 30% above their stock price upon stock split in August 2020. But, their corporate bonds lost $14B since the Feds started increasing interest rates. 
    edited October 2022 watto_cobra
  • Reply 17 of 27
    cincyteecincytee Posts: 404member
    radarthekat said:
    macsince1988 said:
    Apple did NOT earn $90.15B in fourth quarter of 2022.  That is their total revenue.  They earned $20.72B, for a profit margin of 22.99%.
    If you have a business and you go out on a sales call to a prospect and you convince that prospect to become a customer, then you have earned that prospect's business.  There's more than one context in which the term earned can be used.  

    Apple earned $90.15B in revenue in the fourth quarter of 2022, resulting in $20.72B of profits.  Both are true.  
    No. Earnings are not about "earning" business. Earnings are profits. Revenues are sales. This is hardly a new concept, AppleInsider, but it's one you demonstrate every quarter that you don't understand. If you want to be regarded as a reliable source of information on Apple's finances, you must be accurate and precise with language. Once again, this quarter, that didn't happen. 
    baconstangwatto_cobra
  • Reply 18 of 27
    MondainMondain Posts: 21member
    Most large companies today are all about complaining about shortages, supply chain issues, employment, administrations, etc, etc. And here they are, absolutely raking in the gold, by the elephant-loads. And this is not just Apple. I guess I don't understand inflation then....
    muthuk_vanalingamwatto_cobra
  • Reply 19 of 27
    lkrupplkrupp Posts: 10,557member
    macsince1988 said:
    Apple did NOT earn $90.15B in fourth quarter of 2022.  That is their total revenue.  They earned $20.72B, for a profit margin of 22.99%.
    Yep, gotta make it seem like a fail don’t you.
    zeus423
  • Reply 20 of 27
    danoxdanox Posts: 2,841member
    Mondain said:
    Most large companies today are all about complaining about shortages, supply chain issues, employment, administrations, etc, etc. And here they are, absolutely raking in the gold, by the elephant-loads. And this is not just Apple. I guess I don't understand inflation then....
    Inflation, like Taxes a life long affliction and neither go down.
    watto_cobra
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