Apple reports Q1 results with all-time revenue record
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E-mail Xinhua, January 28, 2022
Apple on Thursday announced financial results for its fiscal 2022 first quarter ended Dec. 25, 2021, with an all-time revenue record of 123.9 billion U.S. dollars, up 11 percent year over year and quarterly earnings per diluted share of 2.10 dollars.
Apple's net sales in the Greater China region increased to 25.8 billion dollars from 21.3 billion dollars a year ago, counting more than one-fifth of the total net sales worldwide, according to its financial statement.
Its net income for the quarter increased to 34.63 billion dollars from 28.76 billion dollars a year ago.
The company's iPhone, Mac, Wearables, and Services revenue reached new all-time highs.
Sales of iPhone amounted to 71.63 billion dollars, up from 65.60 billion dollars a year ago.
Its Mac sales increased to 10.6 billion dollars from 8.7 billion dollars a year ago.
Its sales of Wearables, Home and Accessories products increased to 14.70 billion dollars from 12.97 billion dollars a year ago.
The services income reached 19.5 billion dollars, compared to 15.8 billion dollars the previous year.
Of all major product categories, only iPad sales dropped to 7.2 billion dollars from 8.4 billion dollars a year ago.
"This quarter's record results were made possible by our most innovative lineup of products and services ever," said Tim Cook, Apple's CEO.
"We are doing all we can to help build a better world - making progress toward our goal of becoming carbon neutral across our supply chain and products by 2030, and pushing forward with our work in education and racial equity and justice," he added.
"The very strong customer response to our recent launch of new products and services drove double-digit growth in revenue and earnings, and helped set an all-time high for our installed base of active devices," said Luca Maestri, Apple's CFO.
Apple's board of directors has declared a cash dividend of 0.22 dollar per share of the company's common stock. The dividend is payable on Feb. 10, 2022 to shareholders of record as of the close of business on Feb. 7, 2022.
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