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