Apple announces its financial results for the fourth quarter

Apple announced its financial results for the fourth quarter of 2022, for the fourth quarter of the company’s fiscal year and reported record revenue of $90.1 billion, up 8 percent from the previous year.

Quarterly earnings per diluted share were $1.29, up 4 percent year over year, and total annual revenue was $394.3 billion, an 8 percent increase over the previous year.

“This quarter’s results reflect Apple’s commitment to our customers, the pursuit of innovation, and leaving the world better than we found it,” said Tim Cook, Apple CEO. “As we approach the holiday season with our strongest ever lineup, we are led by our values ​​in every action we take and every decision we make. We are deeply committed to protecting the environment, securing user privacy, enhancing accessibility, and creating products and services that can unleash the full creative potential of humanity.”

“Our record results for the September quarter continue to demonstrate our ability to execute effectively despite a challenging and volatile macro backdrop,” said Luca Maestri, Apple’s chief financial officer. “We continued to invest in our long-term growth plans, generated more than $24 billion in operating cash flow, and wanted more than $29 billion to our shareholders during the quarter. The strength of our ecosystem, unparalleled customer loyalty, and record sales have pushed our active installed hardware base to an all-new level. This quarter capped another record-breaking year for Apple, as revenue grew by over $28 billion and operating cash flow increased by $18 billion compared to last year.”

You can view the full Apple Q4 financial results on the Apple website at the link below.

Apple source

Filed Under: Apple, Technology News

disclosure: Some of our articles include affiliate links. If you buy something through one of these links, Geeky Gadgets may earn an affiliate commission. Learn more.

Latest Geeky Gadget Deals

Source link

Write a Reply or Comment

Your email address will not be published. Required fields are marked *