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Apple earnings: Strong iPhone sales helped to better-than-expected profits

Autor: Financial Market
Timp de citit: < 1 minute

Apple announced financial results for its fiscal 2022 third quarter that bring record revenue of $83.0 billion, up 2 percent year over year, and quarterly earnings per diluted share of $1.2 while net income came at $19.44 billion a decrease of almost 11%.

During the quarter, Apple generated nearly $23 billion in operating cash flow, returned over $28 billion to our shareholders, and continued to invest in our long-term growth plans.

Apple’s board of directors has declared a cash dividend of $0.23 per share of the Company’s common stock. The dividend is payable on August 11, 2022 to shareholders of record as of the close of business on August 8, 2022.

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Net sales by category:

– IPhone $40.66 billion +2.7%

– Mac $7.38 billion -10%

– IPad $7.22 billion -2%

– Wearables, Home and Accessories $8.08 billion -7.8%

– Services $19.60 billion +12%

Apple shares climbed over 3% in extended trading but the company did not provide any guidance for next quarter.