The third calendar quarter of the year corresponds to the fourth fiscal quarter of 2020.
Apple reported revenue of $90.1 billion and net quarterly profit of $20.7 billion, or $1.29 per share, compared to revenue of $83.4 billion and net quarterly profit of $20.6 billion, or $1.24 per share, in the year-ago quarter.
The year-ago quarter's gross margin was 42%. The quarterly dividend will be paid on November 10 to shareholders of record as of November 7.
For the full fiscal year, Apple set new company records with $394.3 billion in sales and $100.8 billion in net income, up from $365.8 billion in sales and $94.7 billion in net income for the previous 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 creating products and services that can unlock humanity's full creative potential."
For the second year in a row, Apple is not issuing guidance for the current quarter.
MacRumors will update this story with coverage of the conference call highlights when Apple provides live streaming.
The conference call begins at 2 pm. The Pacific doesn't need to be refreshed.
| 2:19 pm | A great quarter for Mac, all-time revenue record, up 25% year over year. |
| 2:18 pm | Set records in vast majority of markets tracked. Particularly impressive in India and Thailand, Vietnam, Indonesia and Mexico more than doubling year over year. |
| 2:17 pm | 34.6% product margin, up 10bp. Services gross margin was 70.1% |
| 2:17 pm | 42.3% gross margin, down 100bp due to unfavorable FX and different mix, partially offset by leverage. |
| 2:17 pm | $19.2 billion in services revenue, despite 600bp of FX headwinds. |
| 2:16 pm | All time high in installed base across all major product categories and geographic segments. |
| 2:16 pm | Grew nicely in each geographic segment with strong double digit growth outside the US. |
| 2:15 pm | $90.1b up 8% yoy, despite 600bp of negative fx impact. |
| 2:15 pm | Record results for September quarter, to cap record fiscal year despite a challenging and volatile macroeconomic backdrop. |
| 2:15 pm | Apple CFO Luca Maestri is taking over to talk numbers. |
| 2:11 pm | Now talking about Apple Fitness+ and Apple Card. |
| 2:10 pm | Friday Night Baseball, Apple TV+ productions winning Emmy awards (9 wins, including 2nd consecutive win for Best Comedy Series). |
| 2:09 pm | And the new iOS, macOS, watchOS, iPadOS and tvOS versions. |
| 2:08 pm | And the new Apple Watch models and the AirPods Pro second generation. |
| 2:07 pm | And the new M2 Macs. |
| 2:06 pm | Now he's talking about the new iPads. |
| 2:06 pm | Tim is talking up the new iPhone 14 models. |
| 2:05 pm | Revenue of $394 billion in fiscal 2022. Records for iPhone; Mac; Wearables, Home and Accessories; and Services. |
| 2:05 pm | Creativity and collaboration have always been at the core of who we are. |
| 2:04 pm | A lot of people in a lot of places are struggling. |
| 2:04 pm | Double-digit growth in India, Southeast Asia and Latin America. Silicon-related supply constraints were not significant. |
| 2:04 pm | Apple set quarterly records across a number of categories. New record of installed base of active devices, double digit growth in switchers on iPhone. |
| 2:03 pm | Record revenue of $90.1 billion, better than expected despite strong FX headwinds. |
| 2:03 pm | Tim takes over. "Over the past year, despite a range of challenges facing the world, our teams have come together in incredible ways to drive unparalleled innovation and deliver again and again for our customers." |
| 2:02 pm | The call begins, with Apple CEO Tim Cook and Apple CFO Luca Maestri speaking. This year, the December quarter will last for 14 weeks instead of 13 weeks. This happens once every six years to align the fiscal quarter with the actual calendar quarter. |
| 2:00 pm | The quarterly earnings call with analysts is about to begin. |
| 1:54 pm | Apple CFO Luca Maestri: "Our record September quarter results continue to demonstrate our ability to execute effectively in spite of a challenging and volatile macroeconomic backdrop. We continued to invest in our long-term growth plans, generated over $24 billion in operating cash flow, and returned over $29 billion to our shareholders during the quarter. The strength of our ecosystem, unmatched customer loyalty, and record sales spurred our active installed base of devices to a new all-time high. This quarter capped another record-breaking year for Apple, with revenue growing over $28 billion and operating cash flow up $18 billion versus last year." |
| 1:52 pm | For the full fiscal year 2022, Apple surpassed $200 billion in iPhone revenue for the first time, hitting $205 billion. Services reached $78 billion, wearables hit $41 billion, and Mac generated $40 billion, all records. iPad brought in $29 billion, down from $32 billion in fiscal 2021. |
| 1:41 pm | Revenue and earnings numbers were September quarter records for the company. Mac, iPhone, Services, and Wearables also set September quarter revenue records, with only iPad registering a year-over-year decline. |
| 1:37 pm | After closing down 3% in regular trading and drifting down another 2% in after-hours trading prior to the earnings release, Apple's stock price has rebounded slightly and is now down less than half a percent compared to its regular close. |
All Rights Reserved © 2024
