Apple Inc (AAPL) 10-Q Quarterly Report July 2022

® today announced financial results for its fiscal 2022 third quarter ended June 25, 2022. The Company posted a June quarter revenue record of $83.0 billion, up 2 percent year over year, and quarterly earnings per diluted share of $1.20.

“This quarter’s record results speak to Apple’s constant efforts to innovate, to advance new possibilities, and to enrich the lives of our customers,” said Tim Cook, Apple’s CEO. “As always, we are leading with our values, and expressing them in everything we build, from new features that are designed to protect user privacy and security, to tools that will enhance accessibility, part of our longstanding commitment to create products for everyone.”

“Our June quarter results continued to demonstrate our ability to manage our business effectively despite the challenging operating environment. We set a June quarter revenue record and our installed base of active devices reached an all-time high in every geographic segment and product category,” said Luca Maestri, Apple’s CFO. “During the quarter, we generated nearly $23 billion in operating cash flow, returned over $28 billion to our shareholders, and continued to invest in our long-term growth plans.”

Apple’s board of directors has declared a cash dividend of $0.23 per share of the Company’s common stock. The dividend is payable on August 11, 2022 to shareholders of record as of the close of business on August 8, 2022.

Apple will provide live streaming of its Q3 2022 financial results conference call beginning at 2:00 p.m. PT on July 28, 2022 at apple.com/investor/earnings-call. This webcast will 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, July 28, 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 third quarter and first nine months of 2022 compared to the same periods in 2021 due primarily to higher Services net sales, partially offset by the weakness in foreign currencies relative to the U.S. dollar.

Financial - Earnings Highlight
Products gross margin percentage decreased during the third quarter of 2022 compared to the third quarter of 2021 due primarily to the weakness in foreign currencies relative to the U.S. dollar and a different Products mix.
Financial - Earnings Highlight
Year-over-year Products gross margin increased during the first nine months of 2022 due primarily to a different Products mix and higher Products volume, partially offset by the weakness in foreign currencies relative to the U.S. dollar.
Financial - Earnings Highlight
Gross Margin Products and Services gross margin and gross margin percentage for the three- and nine-month periods ended June 25, 2022 and June 26, 2021 were as follows (dollars in millions): Products Gross Margin Products gross margin decreased during the third quarter of 2022 compared to the third quarter of 2021 due primarily to the weakness in foreign currencies relative to the U.S. dollar.
Financial - Earnings Highlight
Year-over-year Products gross margin percentage increased during the first nine months of 2022 due primarily to a different Products mix.
Revenue - Geography
Apple Inc. | Q3 2022...Read more
Revenue - Geography
Year-over-year Americas net sales increased...Read more
Revenue - Geography
Year-over-year Europe net sales increased...Read more
Revenue - Geography
Year-over-year Greater China net sales...Read more
Revenue - Geography
Year-over-year Rest of Asia Pacific...Read more
Revenue - Product
Apple Inc. | Q3 2022...Read more
Revenue - Geography
Apple Inc. | Q3 2022...Read more
Revenue - Geography
The strength of the renminbi...Read more
Revenue - Product
Year-over-year Services net sales increased...Read more
Revenue - Product
Year-over-year Wearables, Home and Accessories...Read more
Revenue - Product
Business Seasonality and Product Introductions...Read more
Financial - Expense
Apple Inc. | Q3 2022...Read more
Revenue - Product
iPhone iPhone net sales increased...Read more
Financial - Earnings
Services gross margin percentage increased...Read more
Revenue - Product
The timing of product introductions...Read more
Revenue - Product
The weakness of the yen...Read more
Revenue - Product
Japan Japan net sales decreased...Read more
Other - Other
Forward-looking statements can also be...Read more
Financial - Income
Other Income/(Expense), Net Other income/(expense),...Read more
Revenue - Product
Wearables, Home and Accessories Wearables,...Read more
Revenue - Geography
The weakness in foreign currencies...Read more
Revenue - Geography
The weakness in foreign currencies...Read more
Revenue - Geography
The weakness in foreign currencies...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 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: 0000320193-22-000070
Submitted to the SEC: Thu Jul 28 2022 6:06:56 PM EST
Accepted by the SEC: Fri Jul 29 2022
Period: Saturday, June 25, 2022
Industry: Electronic Computers