Apple Tops Forecasts
July 29, 2022
iPhone and Services drive June quarter
Active installed base of devices reaches all-time high for all major product categories
Apple reported financial results for its fiscal 2022 third quarter ended June 25, 2022. The Company posted a June quarter revenue record of $83.0 billion, up 2 percent year over year, and quarterly earnings per diluted share of $1.20.
Investors were looking for an EPS of $1.16 with revenue of. $82.81 billion. iPhone revenue came in at $40.67 billion with $38.33 billion estimated.
quarter’s record results speak to Apple’s
constant efforts to innovate, to advance new
possibilities, and to enrich the lives of
our customers,” said Tim Cook, Apple’s CEO.
“As always, we are leading with our values,
and expressing them in everything we build,
from new features that are designed to
protect user privacy and security, to tools
that will enhance accessibility, part of our
longstanding commitment to create products
“Our June quarter results continued to demonstrate our ability to manage our business effectively despite the challenging operating environment. We set a June quarter revenue record and our installed base of active devices reached an all-time high in every geographic segment and product category,” said Luca Maestri, Apple’s CFO. “During the quarter, we generated nearly $23 billion in operating cash flow, returned over $28 billion to our shareholders, and continued to invest in our long-term growth plans.”
Apple’s board of directors has declared a cash dividend of $0.23 per share of the Company’s common stock. The dividend is payable on August 11, 2022 to shareholders of record as of the close of business on August 8, 2022.