Apple published its financial status report for the fourth quarter of 2022. The report revealed that the company had a quarter of record earnings. In the previous quarter, the company had revenues of 83 billion dollars and a net profit of 19.4 billion dollars. In the last quarter, the company announced revenues of 90.1 billion dollars and a net profit of 20.7 billion dollars.
Revenue growth in all products and services except iPad
While these numbers were obtained in just three months, the company managed to outperform all its competitors in the field with these results. Apple earned the most revenue from iPhones again. In the fourth quarter of the fiscal year 2022, Apple generated $42.63 billion in iPhone, $11.51 billion in Mac, $7.17 billion in iPad, and $9.65 billion in wearables, accessories, and home products. After iPhones, the company made the most profit from the services with $19.19 billion.
According to the report, Apple increased its revenues in all product and service groups except the iPad. For example, revenue from iPhone sales increased by 9.67 percent, and revenue from Mac sales by 25.39 percent. In addition, revenue from other products by 9.85 percent, and revenue from services by 4.98 percent. In contrast, iPad revenues declined by 13.06 percent year-on-year.
“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 Tim Cook, Apple’s CEO. “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 create products and services that can unlock humanity’s full creative potential.”.
Here’s a full list of the fourth quarter of fiscal 2022 for Apple:
- iPhone: $42.63 billion (up 9.8 percent year-by-year
- Mac: $11.51 billion (up 25.4 percent year-by-year)
- iPad: $7.17 billion (down 13.1 percent year-by-year)
- Wearables, home and accessories: $9.65 billion (up 9.8 percent year-by-year)
- Services: $19.19 billion (up 5 percent year-by-year)