Source: Apple
What you need to know
- Apple shares are up almost 5% ahead of Friday's markets opening.
- The company announced its Q1 earnings on Thursday, January 27.
- It saw an all-time revenue record of almost $124 billion.
Apple's share price has risen by almost 5% in pre-market trading following the company's Q1 earnings call Thursday.
Apple announced a new all-time quarterly revenue record of nearly $124 billion on January 27. From the announcement:
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.
CEO Tim Cook said the results were made possible by Apple's "most innovative lineup of products and services ever" and that the company was grateful for the response it had seen from its customers around the world.
During the course of its earnings, Apple announced that it now commands an install base of more than 1.8 billion devices and that it added 165 million paid subscribers to its services last year.
Apple says it saw revenue growth across every product and service line it has except iPad. Due to supply constraints, Apple revealed that iPad revenue had fallen by 14% year on year despite exciting new devices like the iPad mini 6, one of the company's best iPads in recent memory.
Apple also revealed that the company posted a record $11 billion in Mac revenue thanks to the success of Apple silicon and the new MacBook Pro (2021) powered by Apple's M1 Pro and M1 Max processors. Apple said its momentum was "impressive" and that the six previous quarters have all been the best six quarters ever for Mac.
Buoyed by this strong showing, AAPL sits at +4.44% in pre-market at the time of publication but has climbed to as high as $4.7% in the course of this morning.

Beta testers will likely wait until July to get their hands on iOS 16
If all goes according to previous years we can expect Apple to release the first developer beta of iOS 16 on June 6, the same day that it will be announced. That's the date of the WWDC22 opening keynote but those who are part of the public beta program look set to be waiting a little while longer.

Verizon is hiking its wireless prices from June
Verizon is hiking the price of its wireless plans from June 16 in what it calls an “economic adjustment charge,” according to reports.

Review: Apex Legends Mobile is almost an entirely different game
Apex Legends Mobile has been in the works for a while, promising players a battle royale experience on the go. While it certainly does deliver on that portable shooter experience, it manages to separate itself from its source — for better or worse.

These accessories will go great with your Apple AirTags
Apple's AirTag doesn't have any hooks or adhesive for attaching to your precious items. Luckily there are plenty of accessories for that purpose, both from Apple and third parties.