Apple Q4 earnings report highlights yet another strong performance

As expected, Apple released its Q4 earnings report for the fiscal quarter ending on September 24 and quarterly revenues sitting at an all-time high of $90.1 billion – an 8% increase compared to the same time last year. Yearly revenues are also up 8% YoY at $394.3 billion. Net income grew to $20.72 billion while earnings per share rose to $1.29 – a 4% increase compared to last year.

Apple Q4 2022 earnings report

Despite dwindling global smartphone shipments, iPhone revenue grew by 9.6% to 42.63 billion thanks to robust iPhone 14 series performance. The Services category accounted for $19.18 billion in revenues followed by Mac revenues ($11.5 billion) and Wearables, Home and Accessories revenues ($9.65 billion).

The Americas remained Apple's top market in terms of net sales with $38.8 billion followed by Europe ($22.75 billion) and Greater China ($15.47 billion). In the wake of ongoing economic downturns and rising inflation levels, CEO Tim Cook expects a busy holiday season for Apple with its powerful new lineup of devices.

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