HomeBusinessRevenue and profit gains reach all-time highs at Apple

Revenue and profit gains reach all-time highs at Apple

Apple Q4 FY2022 financial results are one of the few that show favorable results across the board. A record quarter of revenue was reported by the Cupertino giant, as well as a highly profitable quarter.

Compared to last year, Apple’s quarterly revenue reached an all-time high of $90.1 billion, an increase of 8% compared to the previous quarter. Net income increased to $20.72 billion on $394.33 billion in revenues. As a result, the company’s earnings per share rose 4% to $1.29 in comparison to the same period last year.

Sales of the iPhone are strong

Thanks to the recent iPhone 14 launch, Apple’s revenue grew by 9.6% to reach $42.63 billion despite the decline in smartphone shipments. A total of $19.5 billion in revenues were generated by the company’s Mac business, while $19.18 billion came from the company’s Services category. 965 billion dollars were generated by Wearables, Home, and Accessories.

With net sales of $38.8 billion, the US remained Apple’s biggest market, followed by Europe with $22.75 billion and China with $15.47 billion. Despite ongoing economic downturns and rising inflation levels, Apple CEO Tim Cook expects a busy holiday season. The upcoming lineup of devices will also produce great returns, according to him.

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iPhones with USB C ports confirmed

A new EU law for electronic devices is expected to result in USB C iPhones in the future, according to the American phone manufacturer. Greg Joswiak, Apple’s VP of worldwide marketing, confirmed this by saying, “We have no choice but to comply.”.

It is quite possible that Apple will only ship USB C iPhones to Europe while continuing to sell Lightning ports elsewhere. The VP also said, “the Europeans dictate the timing for European customers.” However, this has not been confirmed.

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NetMag Staff
NetMag Staffhttp://www.netmag.pk
We feel pleasure in introducing ourselves as a publishing company and our monthly magazine, “NetMag” as Pakistan's first IT & Telecom magazine. The past 22 years ...


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