Apple announced its most recent earnings during this warranter’s earnings call. The company is riding a wave as its services business delivered a massive USD$78B in 2022 with $USD19B of that coming in the September 2022 quarter. Total revenue for the September 2022 quarter of USD$90.1 billion represented rise of 8% over the same period last year with annual revenue reaching USD$394.3 billion. That exceeded market expectations.
With a number of Apple services seeing a price rise this week, as well as the increased price of the new entry-level iPad and a number of new products rumoured to be coming in 2023, it seems there’s no stopping Apple’s continued, and market defying, growth. No doubt the release of the MacBook Air, the first with an M2 processor, was an important product for Apple although updates to the entire laptop product line which included more ports helped things along.
And this year’s Mac Studio has proven to be a hit for many as well, given its power and flexibility.
If Apple’s plans for a virtual/augmented reality headset come to fruition and it hits the market at an affordable-for-Apple price, the recent plummet in share price for Meta will be another punch for Mark Zuckerberg as it recorded plummeting profits and nose-diving share price.
Apple shareholders will enjoy a declared a cash dividend of $0.23 per share of the company’s common stock which will be paid on November 10, 2022 to shareholders of record as of the close of business on November 7, 2022.
Anthony is the founder of Australian Apple News. He is a long-time Apple user and former editor of Australian Macworld. He has contributed to many technology magazines and newspapers as well as appearing regularly on radio and occasionally on TV.