Apple quarterly results: record revenues and one billion subscribers in sight

Apple yesterday published its financial results for the 4th fiscal quarter of 2022. The latter extends from July to September 2022. This is, as you will have understood, the3rd calendar quarter of 2022.

Other tech giants have done the same in recent days, Google and Meta in particular. If for these two companies, the objectives were not achieved, the second suffered the blow much more than the first, with in particular a sharp drop in its share price in the hours following its financial announcements.

The Cupertino company was therefore expected to turn the corner. So without further ado, here are the important points from Apple's latest results.

Record turnover: a classic for Apple

Over the last quarter, Apple recorded total revenue of$90.15 billion. This is 8% more than over the same period last year. Here is the breakdown of revenue by product type:

• iPhone: $42.6 billion, or 47% of total revenue
• iPad: $7.17 billion, or 8% of total revenue
• Mac: $11.5 billion, or 13% of total revenue
• Services: $19.18 billion, 21% of total revenue
• Others (accessories, home, worn technologies): $9.65 billion, the equivalent of 11% of total revenues

Apple benefits from increased revenues over the quarter, with a figure that is positioned above analyst predictions.

But not everything is green. Already, profits are stagnating: they were $20.6 billion for the quarter in 2021, they are $20.7 billion for the same quarter in 2022.

Then, revenues from iPads and services did not reach the predictions of market experts. Same for the iPhone. Macs are recording good performance, however, driven by the release of new machines last summer.

Finally, note that despite the situation (war in Ukraine, inflation, component shortages), Apple recorded its best turnover for a 4th quarter. One more record broken therefore, with these new financial results.

On the way to one billion paying subscribers

Tim Cook and Luca Maestri (Apple CFO) held a conference call with journalists after the release of their company's financial results. The two men took the opportunity to clarify several points.

They notably announced that they had recorded900 million paying subscribers to Apple services(Apple Music, Apple Arcade, Apple TV+, etc.). Last year, at the same date, the firm had 154 million fewer. The increase is 20% over one year, which leads analysts to conclude that in 2023,more than a billion users would pay for the services offered by the American company. On the condition thatthe recent increase in prices of certain servicesis well accepted by the public.

Finally, Tim Cook gave details on the performance of the new iPhones. Because, it must be emphasized, the 4th fiscal quarter of the year does not really measure the success of each new generation of Apple smartphone. This generally happens in the second half of September. The next quarter is a much better indicator as to the health of the iPhone. The CEO still suggests that the iPhone 14 Pro and 14 Pro Max are for the momentvery popular, so much so that Apple is struggling to keep up with demand.

In any case, we can't wait to see Apple's next financial results, which will cover the last calendar quarter of this year including two important periods: Black Friday, at the end of November, and Christmas, at the end of December. Will we once again be entitled to a new broken record? What do you think?

• Find here the full conference call transcribed in English by our colleagues at Six Colors

Editor-in-chief for iPhon.fr. Pierre is like Indiana Jones, looking for the lost iOS trick. Also a long-time Mac user, Apple devices hold no secrets for him. Contact: pierre[a]iphon.fr.