Apple has now officially opened its books and announced its results for the third fiscal quarter of 2022 (second calendar quarter of 2022).
Apple has now officially opened the books and released the results for the third fiscal quarter of 2022 (second calendar quarter of 2022). Side note: Apple's fiscal year starts on October 1st and ends on September 30th. Apple did not announce a sales forecast at the last quarterly earnings conference either, as the company was unable to provide a realistic estimate due to the ongoing COVID-19 crisis. With an EPS (earnings per share) of $1.20, Cupertino exceeded analysts' forecasts, which were forecasting an average of $1.16. The company posted a record sales of $83 billion in the June quarter - profits are $19.4 billion. expressed Apple boss Tim Cook said:
Q3/2022: Apple impresses throughout
This quarter's record results reflect Apple's ongoing commitment to innovate, drive new possibilities, and enrich the lives of our customers. As always, our values guide us and reflect them in everything we create - from new features to protect users' privacy and security to tools that improve accessibility, part of our long-standing commitment to building products for all.
Apple’s CFO, Luca Maestri, said:
Our June quarter results again demonstrated our ability to effectively run our business despite the challenging 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. 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 approved 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 at the close of business on August 8, 2022. The stock is firmer in after-hours trading on the NASDAQ, gaining around 3.37 percent to $162.65. (Photo by Phongphan / Bigstockphoto)
