Shulou(Shulou.com)11/24 Report--

According to news in the early morning of October 28, Beijing time, Apple today released its fourth quarter and full-year results for fiscal 2022. Apple's fourth-quarter net income was $90.146 billion, up 8% from $83.36 billion a year earlier, net profit was $20.721 billion, up 1% from $20.551 billion a year earlier, and diluted earnings per share was $1.29, up 4% from $1.24 a year earlier, according to the report. Apple's revenue in Greater China in the fourth quarter was $15.47 billion, up 6 per cent from $14.563 billion a year earlier.

Apple's fourth-quarter earnings per share and revenue beat Wall Street analysts' expectations, but iPhone and services revenue failed to meet expectations, sending its shares down nearly 2 per cent in after-hours trading.

Apple's board of directors announced that it will pay a cash dividend of $0.23 per share to the company's common shareholders, which will be paid on November 10, 2022 to shareholders of record as of the end of business hours on November 7, 2022.

Detailed results for the fourth quarter: in the fiscal fourth quarter ended September 24, 2022, Apple's net profit was $20.721 billion, up 1% from a year earlier, and diluted earnings per share was $1.29, up 4% from a year earlier. In the fourth quarter of fiscal 2021, Apple posted net income of $20.551 billion, or $1.24 per diluted share.

Apple's fourth-quarter operating profit was $24.894 billion, compared with $23.786 billion a year earlier.

Apple's fourth-quarter gross profit was $38.095 billion, compared with $35.174 billion a year earlier. Apple's fourth-quarter gross margin was 42.3%, exceeding analysts' expectations. Analysts had on average expected Apple's fourth-quarter gross margin to reach 42.1%, according to Refinitiv, a provider of financial market data and infrastructure.

Apple's total net revenue in the fourth quarter was $90.146 billion, up 8 per cent from $83.36 billion a year earlier.

Apple's fourth-quarter net revenue from products was $70.958 billion, compared with $65.083 billion a year earlier, and net revenue from services was $19.188 billion, compared with $18.277 billion a year earlier.

Apple's fourth-quarter earnings per share and revenue beat Wall Street analysts' expectations, but iPhone and services revenue failed to meet expectations, sending its shares down nearly 2 per cent in after-hours trading. According to Yahoo Finance, 26 analysts had expected Apple to earn an average of $1.27 a share in its fiscal fourth quarter, while 22 analysts expected Apple to generate revenue of $88.9 billion in the fourth quarter.

By region: Apple's revenue in the Americas was $39.808 billion in the fourth quarter, compared with $36.82 billion a year earlier.

Revenue from the European division was $22.795 billion, compared with $20.794 billion a year earlier.

Revenue in Greater China was $15.47 billion, up 6% from $14.563 billion in the same period last year.

Revenue from the Japanese division was $5.7 billion, compared with $5.991 billion a year earlier.

Revenue in the rest of the Asia-Pacific region was $6.373 billion, compared with $5.192 billion a year earlier.

By product: Apple's fourth-quarter revenue from iPhone was $42.626 billion, compared with $38.868 billion a year earlier, falling short of analysts' expectations. According to data provided by Refinitiv, analysts had on average expected Apple's revenue from iPhone to reach $43.21 billion in the fourth quarter.

Revenue from Mac was $11.508 billion, compared with $9.178 billion a year earlier, beating analysts' expectations. According to data provided by Refinitiv, analysts had on average expected Apple's revenue from Mac to reach $9.36 billion in the fourth quarter.

Revenue from iPad was $7.174 billion, compared with $8.252 billion a year earlier, falling short of analysts' expectations. According to data provided by Refinitiv, analysts had on average expected Apple's revenue from iPad to reach $7.94 billion in the fourth quarter.

Revenue from wearables, household products and accessories was $9.65 billion, compared with $8.785 billion a year earlier and exceeded analysts' expectations. According to data provided by Refinitiv, analysts had on average expected Apple's revenue from wearables, household products and accessories to reach $9.17 billion in the fourth quarter.

Revenue from services was $19.188 billion, compared with $18.277 billion a year earlier, falling short of analysts' expectations. Analysts had on average expected Apple's revenue from services to reach $20.1 billion in its fiscal fourth quarter, according to Refinitiv.

Return on capital plan: Apple's board of directors announced that it will pay a cash dividend of $0.23 per share to the company's common shareholders, which will be paid on November 10, 2022 to shareholders of record ending business hours on November 7, 2022.

Summary of results for fiscal 2022: for the entire fiscal year 2022, Apple's revenue was $394.328 billion, up 8% from $365.817 billion in fiscal 2021.

In fiscal 2022, Apple's service revenue grew only 14% to $78.13 billion, up 14.2% from $68.4 billion in fiscal 2021.

Apple's net profit in fiscal 2022 was $99.803 billion, compared with $94.68 billion in fiscal 2021, and diluted earnings per share were $6.11, up 9% from $5.61 in fiscal 2021.

Apple posted a gross profit of $170.782 billion in fiscal 2022, compared with $152.836 billion in fiscal 2021.

Apple's operating profit was $119.437 billion in fiscal 2022, compared with $108.949 billion in fiscal 2021.

Share price movements: Apple shares fell $4.55, or 3.05%, to close at $144.80 in regular Nasdaq trading.

Apple shares fell another $2.60, or 1.8 per cent, to $142.20 in after-hours trading as of 05:05 EDT (05:05 Beijing time on Friday). In the past 52 weeks, Apple's highest price is $182.94 and the lowest price is $129.04.

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