Apple on Thursday January 27, announced its financial results for fiscal 2022 first quarter which ended in December 25, 2021. By the reports, it’s the highest revenue for any quarter in its history. It recorded $123.9 billion, up 11 percent.
This highest record was driven by sales of innovative products and serves by the company says the CEO, Tim Cook. “This quarter’s record results were made possible by our most innovative lineup of products and services ever. 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”
Apple’s CFO, Luca Maestri also indicated that patronage of their recent new products launch by customers helped in achieving this record. She said, “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. 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”
Checkout the Financial Statement
