Apple announces record-breaking quarterly sales of $124 billion

The first fiscal quarter of 2022, which corresponds to the fourth calendar quarter of 2021, has been released by Apple.

The corporation reported an all-time high of $123.9 billion in revenue, up 11% year over year, and $2.10 in quarterly earnings per diluted share.

"We are doing all we can to help build a better world, making progress toward our goal of becoming carbon neutral across our supply chain and products by 2030, and pushing forward with our work in education and racial equity and justice," Apple CEO Tim Cook said in a statement.

The board of directors of Apple has declared a cash dividend of $0.22 per share of common stock of the company. The dividend will be paid on February 10 to stockholders who were on the books on February 7 at the close of business.

"The very strong customer response to our recent launch of new products and services drove double-digit growth in revenue and earnings, and helped set an all-time high for our installed base of active devices," Luca Maestri, Apple's CFO added.

Apple's global smartphone shipments increased 18% year over year to a record 237.9 million units in 2021, according to Counterpoint Research, because to the iPhone 12 series' excellent success. Apple's market share increased in key markets such as the United States, China, Europe, and India.

Thanks to the iPhone 13, it became the top smartphone brand in China for the first time in six years in Q4 2021, overtaking Samsung as the top smartphone globally in Q4 2021.