Apple today announced financial results for its fiscal 2022 first quarter ended December 25, 2021. The Company posted an all-time revenue record of $123.9 billion, up 11% year over year, and quarterly earnings per diluted share of $2.10. Gross margin for the quarter was 43.8%, compared to 39.8% in the year-ago quarter.
Apple’s revenue and earnings for the quarter were all-time records. Apple’s iPhone, Mac, Wearables, and Services segments also recorded all-time highs for revenue.
“This quarter’s record results were made possible by our most innovative lineup of products and services ever,” said Tim Cook, Apple’s CEO. “We are gratified to see the response from customers around the world at a time when staying connected has never been more important. We are doing all we can to help build a better world — making progress toward our goal of becoming carbon neutral across our supply chain and products by 2030, and pushing forward with our work in education and racial equity and justice.”
Apple’s board of directors has declared a cash dividend of $0.22 per share of the Company’s common stock. The dividend is payable on February 10, 2022 to shareholders of record as of the close of business on February 7, 2022.
“The very strong customer response to our recent launch of new products and services drove double-digit growth in revenue and earnings, and helped set an all-time high for our installed base of active devices,” said Luca Maestri, Apple’s CFO. “These record operating results allowed us to return nearly $27 billion to our shareholders during the quarter, as we maintain our target of reaching a net cash neutral position over time.”
As they’ve done for the past several quarters, Apple is once again not issuing any guidance for Q2 2022, due to the uncertainty surrounding the global COVID-19 pandemic’s impact.
