Apple Reports 3Q 2022 Results: $19.4B Profit on $83B Revenue
For the quarter, Apple posted revenue of $83 billion and net quarterly profit of $19.4 billion, or $1.20 per diluted share, compared to revenue of $81.4 billion and net quarterly profit of $21.7 billion, or $1.30 per diluted share, in the year-ago quarter.
Gross margin for the quarter was 43.3 percent, according to Apple CFO Luca Maestri. Apple also declared a quarterly dividend payment of $0.23 per share, payable on August 11 to shareholders of record as of August 8.
iPhone and Services revenue achieved June quarter records. A category-by-category breakdown of Apple’s Q3 2022 revenue is outlined below.
- iPhone: $40.6B, up from $39.5B in year-ago quarter
- iPad: $7.2B, down from $7.3B in year-ago quarter
- Mac: $7.3B, down from $8.2B in year-ago quarter
- Wearables, Home, and Accessories: $8.0B, down from $8.7B in year-ago quarter
- Services: $19.6B, up from $17.4B in year-ago quarter
Apple CEO Tim Cook:
This quarter’s record results speak to Apple’s constant efforts to innovate, to advance new possibilities, and to enrich the lives of our customers. 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 for everyone.
As has been the case for over two years now, Apple is once again not issuing guidance for the current quarter ending in September.
Apple will provide live streaming of its fiscal Q3 2022 financial results conference call at 2:00 p.m. Pacific, and MacRumors will update this story with coverage of the conference call highlights. Follow along with our live blog of the conference call below.
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