Apple reaches an all-time revenue record in the first fiscal quarter of 2022

iPhone 13 mini in box

Apple has announced its financial results for 2022’s first fiscal quarter ended December 25, 2021 – a period that coincides with the fourth calendar quarter of 2021. Revenue was up 11% year over year, totalling an all–time revenue record of $123.9 billion during the quarter. This resulted in $32.6 billion net quarterly profit, or $2.10 per diluted share.

The tech giant had initially said that challenges arising from a lack of chips and other supply chain problems would hinder its ability to satisfy customer demand during the quarter, but despite this, the iPhone, Mac, wearables and services segments all racked up all-time highs for revenue.

The board of directors at the Cupertino firm has declared a cash dividend of $0.22 per share of the company’s common stock. This dividend is payable on February 10 to shareholders of record as of February 7.

Counterpoint Research has said that Apple’s smartphone shipments went up by 18% on a year-on-year basis, to reach a record 237.9 million units in 2021 due to the iPhone 12 series’ strong sales.

Apple also recorded impressive growth in key markets such as the US, China, Europe, and India. During the fourth quarter, Apple became the top smartphone brand in China, fuelled by the release of the iPhone 13; this meant the Cupertino company supplanted Samsung as the leading smartphone globally in that period.

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