Apple reports third quarter 2022 revenue of $83.0 billion

Today is that day: another Apple earnings report. The company, like many others, has had to contend with a range of world-changing conditions, including a global pandemic and chip shortages. But in the third fiscal quarter of 2022, the company appears to be doing just fine.

Of course, this is not a holiday period, which means it is not as good as Apple’s most profitable periods. However, earning another billion is no laughing matter. So, on Thursday, July 28, 2022, Apple officially reported its fiscal third quarter earnings, managing to generate $83.0 billion in revenue over the past three months.

Apple’s total profit was $19.4. Overall, Apple posted 2% year-on-year growth compared to fiscal third quarter 2021.

From today’s announcement:

Apple today announced financial results for the third quarter of fiscal year 2022 ended June 25, 2022. The company reported record revenue for the June quarter of $83.0 billion, up 2% year-over-year, and quarterly earnings per share of $1.20.

As usual, Apple CEO Tim Cook commented on the results:

This quarter’s record results speak to Apple’s ongoing efforts to innovate, develop new capabilities, and enrich the lives of our customers. As always, we are guided by our values ​​and express them in everything we create, from new features designed to protect user privacy and security to tools that will improve accessibility as part of our longstanding commitment to create products for everyone.

And, of course, the company’s CFO Luca Maestri also said something:

Our results for the June quarter continued to demonstrate our ability to effectively manage our business despite a challenging operating environment. We set a revenue record for the June quarter, and our active device installed base reached record levels across all geographic segments and product categories. During the quarter, we generated nearly $23 billion in operating cash flow, returned more than $28 billion to our shareholders, and continued to invest in our long-term growth plans.

And here’s how it breaks down into segments, even if Apple no longer gives us exact sales numbers. Here are some highlights: a 3% year-over-year increase for iPhones, a whopping 10% year-over-year decline for Macs, and a huge 12% year-over-year increase for services:

• iPhone: $40.67 billion
• Mac: $7.38 billion
• iPad: $7.22 billion
• Wearables, home goods, and accessories: $8.08 billion
• Services: $19.60 billion

Following these results, Apple will hold an earnings call. It is likely that the company will show off such elements as the service division and other items. However, it is unlikely that any important discoveries or announcements will be made in the course of a phone call.