Home Tech Apple introduced in a record-breaking $123.9 billion in income, regardless of provide constraints | Engadget

Apple introduced in a record-breaking $123.9 billion in income, regardless of provide constraints | Engadget

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Apple introduced in a record-breaking $123.9 billion in income, regardless of provide constraints | Engadget

It’s been an excellent quarter for Apple. The firm simply dropped its earnings report for the primary quarter of 2022 (which for Apple ended December 25, 2021), and it is damaged income data all throughout the board. Not solely is its total income at an all-time excessive of $123.9 billion, it is also made extra money promoting iPhones, Macs and wearables than ever earlier than. This time final yr, the corporate reported a income of $111 billion, which itself was a brand new document then. Just final quarter, too, it made every kind of cash promoting Macs, even with out the discharge of latest Macbooks at the moment.

Apple’s income from iPhones of $71.6 billion this yr, regardless of world provide constraints, is a notable soar from $65.6 billion final yr. Driven by its transition to its personal M1 silicon, Mac revenues additionally rose by greater than $2 billion from the yr earlier than, hitting a document $10.9 billion. Chief monetary officer Luca Maestri stated on the corporate’s earnings name that the final six quarters had been “the best six quarters ever for Mac,” and that M1-powered units made up the overwhelming majority of gross sales, due to a “record number of upgraders.”

Sales of iPads made Apple $7.2 billion this yr, whereas “Wearables, Home and Accessories” introduced in $14.7 billion. That contains issues just like the Apple Watch, AirPods and HomePods. Both classes of merchandise additionally broke income data. Apple’s companies additionally contributed to its total income, with merchandise like TV+ and Fitness+ raking in a complete of $19.5 billion — a rise of 24 % from final yr. Maestri famous that paid subscriptions proceed to develop, with latest developments in Fitness+, Arcade and Apple Music contributing to the expansion.

Investors will likely be completely satisfied to know that Apple’s board of administrators have declared “a cash dividend of 22 cents per share of common stock, payable on February 10th 2022.”

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