Apple has now officially opened its books and announced its results for the first fiscal quarter of 2022 (fourth calendar quarter of 2021).
Apple has now officially opened the books and released the results for the first fiscal quarter of 2022 (fourth calendar quarter of 2021). Side note: Apple's fiscal year starts on October 1st and ends on September 30th. Apple did not announce a sales forecast at the last quarterly earnings conference either, as the company was unable to provide a realistic estimate due to the ongoing COVID-19 crisis. With an EPS (earnings per share) of $2.10, Cupertino exceeded analysts' forecasts, which were forecasting an average of $1.90. This amounts to total sales of $123.95 billion and profits of $34.6 billion. expressed Apple boss Tim Cook said:
This quarter's record results were made possible by our most innovative offering of products and services ever. We're excited to see the response from customers around the world at a time when staying connected is more important than ever. We're doing everything we can to build a better world - moving closer to our goal of making our entire supply chain and products carbon neutral by 2030 and advancing our work in education, racial equity and justice.
Apple Q1/2022: Dividend remains unchanged
Apple’s CFO, Luca Maestri, said:
Strong customer response to our recently launched new products and services drove double-digit revenue and profit growth and helped our installed base reach a new all-time high. These record results enabled us to return nearly $27 billion to our shareholders during the quarter while maintaining our goal of achieving a net cash position over time.
Apple's revenue of 123.95 billion US dollars represents growth of 11% compared to the previous year. According to the company, the dividend of 0.22 US dollars per share will remain unchanged and will be paid out on February 10th. The stock is firmer in after-hours trading on the NASDAQ, gaining around 2.61 percent to 163.39 US dollars. (Photo by lakshmi Prasad / Bigstockphoto)
