Friday, February 3rd 2023
Apple 2022 Earnings Report Goes Live, Shows Strong Cashflow Despite Economic Slowdown
Apple today announced financial results for its fiscal 2023 first quarter ended December 31, 2022. The Company posted quarterly revenue of $117.2 billion, down 5 percent year over year, and quarterly earnings per diluted share of $1.88.
"As we all continue to navigate a challenging environment, we are proud to have our best lineup of products and services ever, and as always, we remain focused on the long term and are leading with our values in everything we do," said Tim Cook, Apple's CEO. "During the December quarter, we achieved a major milestone and are excited to report that we now have more than 2 billion active devices as part of our growing installed base."
"We set an all-time revenue record of $20.8 billion in our Services business, and in spite of a difficult macroeconomic environment and significant supply constraints, we grew total company revenue on a constant currency basis," said Luca Maestri, Apple's CFO. "We generated $34 billion in operating cash flow and returned over $25 billion to shareholders during the quarter while continuing 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 February 16, 2023 to shareholders of record as of the close of business on February 13, 2023.
Apple will provide live streaming of its Q1 2023 financial results conference call beginning at 2:00 p.m. PT on February 2, 2023 at apple.com/investor/earnings-call. This webcast will be available for replay for approximately two weeks thereafter.
"As we all continue to navigate a challenging environment, we are proud to have our best lineup of products and services ever, and as always, we remain focused on the long term and are leading with our values in everything we do," said Tim Cook, Apple's CEO. "During the December quarter, we achieved a major milestone and are excited to report that we now have more than 2 billion active devices as part of our growing installed base."
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 February 16, 2023 to shareholders of record as of the close of business on February 13, 2023.
Apple will provide live streaming of its Q1 2023 financial results conference call beginning at 2:00 p.m. PT on February 2, 2023 at apple.com/investor/earnings-call. This webcast will be available for replay for approximately two weeks thereafter.
17 Comments on Apple 2022 Earnings Report Goes Live, Shows Strong Cashflow Despite Economic Slowdown
ARM was supposed to allow better pricing.
Instead the Mac Mini with a real laptop chip starts at $1300 which is absurd. Apple can't even make a decent Mini for less than $999. That's worrying. At this point I'd rather have a Ryzen 7940HS Mac Mini for $999 than what we are getting for $1300.
One reason why Mac sales are so poor is prices outside the US are criminal. Sure you might stretch for $1300 in the US, but wait until you see the prices outside the US.
Apple has literally developed almost every major component in the iPhone in house, and has yet to pass along saving to the consumer. It's to increase their profits and control their cost. Why would shareholders like to see Apple make an investment in house development and then turn around and reduce their pricing / ROI? Makes no sense.
Edit: actually I looked it up and they only had 30% last quarter, compared to Intel at 40%, amd at 50%, 23% for Dell. Surprising. Couldn’t find 4th quarter for Samsung.
You stated they were doing it because they wanted to lower the cost for you.
And it seems like apple is trying to get rid of third party resellers by not allowing used macbooks to be unlocked and wiped, which only encourages more ewaste.
Also the support isn't even as long as a windows laptop, apple ended support for the 2016 macbooks. Yet I could go buy a used Lenovo Thinkpad or Dell Latitude for significantly less and install Windows 11 on it.
I realize a lot of average users want their laptop to be an appliance but I don't want a soldered on everything locked down appliance that is ewaste after the warranty expires.