Apple Inc (AAPL) 10-Q Quarterly Report Fri Jan 28 2022

® 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.

Apple periodically provides information for investors on its corporate website, apple.com, and its investor relations website, investor.apple.com. This includes press releases and other information about financial performance, reports filed or furnished with the SEC, information on corporate governance, and details related to its annual meeting of shareholders.

The following information was filed by Apple Inc (AAPL) on Thursday, January 27, 2022 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Inside Apple Inc's 10-Q Quarterly Report:

Financial - Earnings Highlight
Services Gross Margin Services gross margin increased during the first quarter of 2022 compared to the same quarter in 2021 due primarily to higher Services net sales and a different Services mix.

Financial - Earnings Highlight
Gross Margin Products and Services gross margin and gross margin percentage for the three months ended December 25, 2021 and December 26, 2020 were as follows (dollars in millions): Products Gross Margin Products gross margin and Products gross margin percentage increased during the first quarter of 2022 compared to the same quarter in 2021 due primarily to a different Products mix and the strength in foreign currencies relative to the U.S. dollar.
Revenue - Geography Highlight
The movement of foreign currencies in Europe relative to the U.S. dollar had a net favorable impact on Europe net sales during the first quarter of 2022.
Revenue - Product Highlight
First Quarter Fiscal 2022 Highlights Total net sales increased 11% or $12.5 billion during the first quarter of 2022 compared to the same quarter in 2021, driven primarily by growth in iPhone, Services and Mac.
Financial - Earnings Highlight
Services gross margin percentage increased during the first quarter of 2022 compared to the same quarter in 2021 due primarily to a different Services mix and leverage, partially offset by higher Services costs.
Revenue - Geography
The strength of the Chinese...Read more
Revenue - Product
The following table shows net...Read more
Revenue - Geography
Europe Europe net sales increased...Read more
Revenue - Geography
Greater China Greater China net...Read more
Revenue - Product
Services Services net sales increased...Read more
Revenue - Product
Mac Mac net sales increased...Read more
Revenue - Product
Apple Inc. | Q1 2022...Read more
Revenue - Geography
Apple Inc. | Q1 2022...Read more
Revenue - Product
iPhone iPhone net sales increased...Read more
Revenue - Product
Quarterly Highlights Business Seasonality and...Read more
Revenue - Product
The timing of product introductions...Read more
Revenue - Product
The weakness of the Japanese...Read more
Other - Other
Forward-looking statements can also be...Read more
Revenue - Product
iPad iPad net sales decreased...Read more

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Material Contracts, Statements, Certifications & more

Apple Inc provided additional information to their SEC Filing as exhibits

Exhibit 10.1: Material Contract

Exhibit 31.1: Rule 13A-14(A)/15D-14(A) Certification

Exhibit 31.2: Rule 13A-14(A)/15D-14(A) Certification

Exhibit 32.1: Section 1350 Certification

Ticker: AAPL
CIK: 320193
Form Type: 10-Q Quarterly Report
Accession Number: 0000320193-22-000007
Submitted to the SEC: Thu Jan 27 2022 6:00:58 PM EST
Accepted by the SEC: Fri Jan 28 2022
Period: Saturday, December 25, 2021
Industry: Electronic Computers