Apple Q1 2022: Growth for iPhone, Mac, and services sees $123.9 billion in revenue

Iphone 13 Pro Sierra Blue Hero
Iphone 13 Pro Sierra Blue Hero (Image credit: Christine Romero-Chan / iMore)

Apple has just announced its financial results for Q1 2022, covering the period between October 1 and December 25, 2021. The company posted quarterly revenue of $123.9 billion. Profit for the quarter came in at $34.6 billion

Q1 2022 saw growth across most of Apple's product lines, with the notable exception of iPads, which were down slightly year-over-year. iPhone, Mac, services, and wearables were all up.

For a more detailed breakdown of Apple's Q1 results, head here (opens in new tab).

Press release:

Apple Reports First Quarter Results

Revenue up 11 percent to new all-time record

iPhone, Mac, Wearables, and Services revenue reach new all-time highs

CUPERTINO, CALIFORNIA JANUARY 27, 2022 Apple today announced financial results for its fiscal 2022 first quarter ended December 25, 2021. The Company posted an all-time revenue record of $123.9 billion, up 11 percent year over year, and quarterly earnings per diluted share of $2.10.

"This quarter's record results were made possible by our most innovative lineup of products and services ever," said Tim Cook, Apple's CEO. "We are gratified to see the response from customers around the world at a time when staying connected has never been more important. We are doing all we can to help build a better world — making progress toward our goal of becoming carbon neutral across our supply chain and products by 2030, and pushing forward with our work in education and racial equity and justice."

"The very strong customer response to our recent launch of new products and services drove double-digit growth in revenue and earnings, and helped set an all-time high for our installed base of active devices," said Luca Maestri, Apple's CFO. "These record operating results allowed us to return nearly $27 billion to our shareholders during the quarter, as we maintain our target of reaching a net cash neutral position over time."

Apple's board of directors has declared a cash dividend of $0.22 per share of the Company's common stock. The dividend is payable on February 10, 2022 to shareholders of record as of the close of business on February 7, 2022. Apple will provide live streaming of its Q1 2022 financial results conference call beginning at 2:00 p.m. PT on January 27, 2022 at apple.com/investor/earnings-call. This webcast will also be available for replay for approximately two weeks thereafter.

Joseph Keller is the former Editor in Chief of iMore. An Apple user for almost 20 years, he spends his time learning the ins and outs of iOS and macOS, always finding ways of getting the most out of his iPhone, iPad, Apple Watch, and Mac.