Apple today released its first-quarter results for fiscal 2022. The report shows that Apple’s first-quarter net revenue was $123.945 billion, the highest single-quarter revenue in history, an increase of 11% compared with $111.439 billion in the same period last year; net profit was $34.630 billion.
Compared with the same period last year. 28.755 billion US dollars an increase of 20%. Among them, the revenue of Greater China was 25.783 billion US dollars, an increase of 21% compared with 21.313 billion US dollars in the same period last year.
Apple’s first-quarter revenue and earnings per share exceeded Wall Street analysts’ expectations, pushing its shares up nearly 4% after hours. Apple’s board of directors has announced that it will pay a cash dividend of $0.22 per share to the company’s common stockholders, which will be paid on February 10, 2022, to shareholders of record as of the close of business on February 7, 2022.
Detailed Performance:
In the fiscal first quarter ended December 25, 2021, Apple’s net income was $34.630 billion, up 20% from $28.755 billion in the same period last year; diluted earnings per share were $2.10, compared to last year’s Diluted earnings per share for the same period were $1.68. Apple’s first-quarter operating profit was $41.488 billion, compared with $33.534 billion a year earlier.
Apple’s first-quarter net revenue was $123.945 billion, an 11% increase from $111.439 billion in the same period last year, a record high. Apple’s first-quarter gross profit was $54.243 billion, compared with $44.328 billion in the same period last year. Apple’s first-quarter earnings per share and revenue exceeded Wall Street analysts’ expectations.
According to statistics from Yahoo Finance, 27 analysts had expected Apple’s first-quarter earnings per share to reach $1.88 on average, and 23 analysts had expected Apple’s first-quarter revenue to reach $118.38 billion on average.
By Region:
- Apple’s first-quarter revenue in the Americas was $51.496 billion, up from $46.310 billion in the same period last year;
- European segment revenue was $29.749 billion, up from $27.306 billion in the same period last year;
- Greater China revenue was US$25.783 billion, an increase of 21% compared to US$21.313 billion in the same period last year;
- Revenue in Japan was $7.107 billion, down from $8.285 billion in the same period last year;
- The rest of Asia Pacific’s revenue was $9.810 billion, up from $8.225 billion in the same period last year.
By Product:
Apple’s first-quarter revenue from the iPhone was $71.628 billion, up from $65.597 billion in the same period last year, beating analysts’ expectations. Analysts, on average, had expected Apple’s first-quarter revenue from the iPhone to reach $68.34 billion, according to data provided by financial market data and infrastructure provider Refinitiv.
Revenue from the Mac was $10.852 billion, up from $8.675 billion in the same period last year, beating analyst expectations. Analysts on average had expected Apple’s first-quarter revenue from Macs to reach $9.52 billion, according to data provided by Refinitiv.
Revenue from the iPad was $7.248 billion, down from $8.435 billion in the same period last year and missing analysts’ expectations. According to data provided by Refinitiv, analysts had expected Apple’s first-quarter revenue from iPads to reach $8.18 billion on average;
Revenue from wearables, home products and accessories was $14.701 billion, up from $12.971 billion in the same period last year, beating analyst expectations. According to data provided by Refinitiv, analysts on average had expected Apple’s first-quarter revenue from wearables, home products and accessories to reach $14.59 billion;
Revenue from services was $19.516 billion, up from $15.761 billion in the same period last year, beating analyst expectations. Analysts, on average, had expected Apple’s first-quarter revenue from services to reach $18.61 billion, according to data provided by Refinitiv.
Capital Return Plan:
Apple’s board of directors has announced that it will pay a cash dividend of $0.22 per share to the company’s common stockholders, which will be paid on February 10, 2022, to shareholders of record as of the close of business on February 7, 2022.
Executive Comments:
Tim Cook, Apple’s chief executive, said: “The record quarter was driven by our most innovative lineup of products and services ever. Customers from all over the world have responded at a time when it has never been more important. We are doing everything we can to help build a better world – towards the goal of making our supply chain and products carbon neutral by 2030 Make progress and advance our work in education, racial equity and justice.”
“Customers have responded very strongly to our recent launches of new products and services, which have driven double-digit revenue and earnings,” said Apple Chief Financial Officer Luca Maestri. growth and helped us reach a record high in active equipment installations. These record operating results allowed us to return nearly $27 billion in cash to shareholders during the quarter. We remain on track with our previously set goal of Net cash neutrality is achieved over time.”
Share Price Changes:
On the same day, Apple’s shares fell $0.47 in regular Nasdaq trading to close at $159.22, or 0.29%. Shares of Apple rose $5.94, or 3.73%, to $165.16 in after-hours trading as of 4:41 p.m. ET Thursday (5:41 a.m. Beijing time on Friday). Over the past 52 weeks, Apple’s highest price was $182.94 and its lowest price was $116.21.