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Apple posts record revenue in India in Q4

Apple has reported latest quarterly revenue of $90.1 billion, an increase of 8% from a year ago, setting a new September quarter records in the Americas, Europe, Greater China and rest of Asia Pacific. It posted a net profit of $20.7 billion, about 0.5% YoY increase and quarterly earnings per diluted share of $1.29 for the financial year Q4 2022 that ended September 24, 2022.

During the earnings call, CEO Tim Cook said that Apple has set an all-time revenue record for Mac and September quarter records for iPhone and Wearables, Home and Accessories. He added that silicon-related supply constraints were not significant during the quarter.

Apple set a new September quarter revenue record for iPhone, with India setting a new all-time revenue record.

In fiscal 2022, Apple achieved revenue of $394 billion and net profit of $29 billion, up 8% annually. Apple reports an all-time record $78 billion in Services revenue, up 14% annually.

It set records for iPhone, Mac, Wearables, Home and Accessories and Services while growing double-digits in emerging markets and setting records in the vast majority of markets.

  • Products revenue was $71 billion, up 9% over last year despite FX headwinds and a record for the September quarter.
    Services set a September quarter revenue record of $19.2 billion, up 5% over a year ago, despite over 600 basis points of negative impact from foreign exchange.
  • September quarter revenue records in the Americas, Europe, Greater China and rest of Asia Pacific and also in many Services categories, including all-time revenue records for cloud services and payment services.
  • iPhone revenue grew 10% year-over-year to a September quarter record of $42.6 billion, despite significant foreign exchange headwinds.
  • September quarter record for iPhone, particularly in several large emerging markets, with India setting a new all-time revenue record and Thailand, Vietnam, Indonesia and Mexico more than doubling year-over-year.
  • iPad revenue was $7.2 billion, down 13% year-over-year due to significant negative foreign exchange and a challenging compare due to the launch of new iPads a year ago.
  • Mac saw an all-time revenue record of $11.5 billion, up 25% year-over-year, thanks to new MacBook Air and MacBook Pro powered by the M2 chip. Apple was able to fulfil pent-up demand that carried forward from the significant supply constraints faced during the June quarter. Supply position improved, so Apple was able to fill the channel.
  • Wearables, Home and Accessories revenue was $9.7 billion, up 10% year-over-year, driven by the launch of Apple Watch and new AirPods Pro. Installed base of devices in the category was a new all-time record.
  • More than 900 million paid subscriptions across the services, which is up more than 155 million during the last 12 months alone.


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