In the early morning of January 28, Beijing time, Apple today released the results of the first fiscal quarter of fiscal 2022.
According to the earnings report, Apple's net revenue in the first fiscal quarter was $123.945 billion, the highest single-quarter revenue on record, an increase of 11% compared with $111.439 billion in the same period last year.
Net profit was $34,630 million, up 20% from $28,755 million in the year-ago quarter.
By Region:
Apple's Americas division revenue for fiscal first quarter was $51,496 million, up from $46,310 million in the year-ago quarter;
Europe segment revenue was $29,749 million, up from $27,306 million in the year-ago quarter;
Greater China revenue was $25,783 million, up 21% from $21,313 million in the year-ago quarter;
Revenue in the Japan segment was $7,107 million, down from $8,285 million in the year-ago quarter;
The rest of Asia Pacific reported revenue of $9,810 million, up from $8,225 million in the year-ago quarter.
By product:
Apple's fiscal first-quarter revenue from the iPhone was $71.628 billion, up from $65.597 billion in the year-ago quarter and beating analysts' expectations. According to data provided by financial market data information and infrastructure provider Refinitiv, analysts had expected Apple's revenue from the iPhone in the first fiscal quarter to reach $68.34 billion;
Revenue from macs was $10.852 billion, up from $8.675 billion in the year-ago quarter and beating analysts' expectations. According to data provided by Refinitiv, analysts had expected Apple's revenue from macs in the first fiscal quarter to reach $9.52 billion;
Revenue from the iPad was $7.248 billion, down from $8.435 billion in the year-ago quarter and falling short of analysts' expectations. According to data provided by Refinitiv, analysts had expected Apple's revenue from the iPad in the first fiscal quarter to reach $8.18 billion;
Revenue from wearables, home products and accessories was $14.701 billion, up from $12.971 billion in the year-ago quarter and beating analysts' expectations. According to data provided by Refinitiv, analysts had expected Apple's revenue from wearables, home products and accessories to reach $14.59 billion in the first fiscal quarter;
Revenue from services was $19.516 billion, up from $15.761 billion in the year-ago quarter and beating analysts' expectations. According to data provided by Refinitiv, analysts had expected Apple's revenue from services in the first fiscal quarter to reach $18.61 billion.
After the release of the earnings report, Apple held a earnings conference call at 5 p.m. Eastern Time on January 27 (6 a.m. Beijing time on January 28).
Apple CEO Tim Cook said on a conference call that Apple now has 1.8 billion active devices and more than 785 million paid subscribers across platforms.
Supply chains were constrained in the first fiscal quarter, worse than in the fourth fiscal quarter, with iPad-related revenue falling.
Apple's CFO said supply chain issues contributed to more than $6 billion in losses in the quarter
Cook said that in the long run, Apple is very optimistic about the iPhone. Revenue growth in the fiscal second quarter is expected to be lower than that in the first fiscal quarter, and revenue in the second fiscal quarter will grow steadily year-on-year.
Asked about metaversals, Apple CEO Tim Cook said new technologies are being explored.