Apple reported a strong financial year, revealing a net profit of 99,803 million dollars for the period between October 2021 and September 2022. This figure marks a 5.4 percent increase over the prior year. For fiscal year 2022, the company based in Cupertino, California, posted total revenue of 394,328 million dollars, surpassing the 365,817 million recorded in the previous 12 months. Investors in the company benefited with earnings of 6.15 dollars per share for the period, up from 5.67 dollars the year before.
The breakdown by business division shows that the iPhone accounted for 205,489 million dollars in revenue, representing more than half of the company’s total sales. While the company did not disclose exact models linked to this revenue, it is reasonable to infer that the iPhone 13 contributed heavily, given its launch in September of the previous year. The introduction of the iPhone 14 in September this year suggests the latest model may have begun to influence results, though the current period does not yet reflect its full market performance.
Beyond devices, services have become a major strategic focus. The company has built a broad ecosystem including subscription services across entertainment, gaming, media, fitness, and music. From October 2021 to September 2022, services brought in 78,129 million dollars, a sign of the growing recurring revenue stream. The wearables and home category, which includes devices such as Apple Watch and AirPods, contributed another substantial portion, amounting to 41,241 million dollars. These platforms illustrate Apple’s shift toward a diversified mix that complements device sales.
Macs continued to show strength in the period, delivering strong results and contributing 40,177 million dollars in revenue in 2022, compared with 35,190 million in the previous year. The iPad line, however, faced softer demand, with sales totaling 29,292 million against 31,862 million in the prior year. The overall geography of sales shows a pronounced concentration in the Americas, which includes the United States, Canada, and Latin America, making it the largest revenue region for Apple. European markets followed, with China in a notable but smaller position, and Japan along with other Asia-Pacific markets bringing up the rear in terms of revenue share.
The company’s positive results captured the attention of Wall Street, where shares finished the session higher after hours. The stock traded up, closing with a notable gain as investors responded to the stronger profitability and revenue growth across multiple segments. The broader implication is a company successfully expanding its ecosystem while navigating the competitive consumer electronics landscape, with ongoing strength in services that helps stabilize earnings alongside device sales.