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Published: 13:01, January 28, 2022 | Updated: 13:03, January 28, 2022
Apple reports Q1 results with all-time revenue record
By Xinhua
Published:13:01, January 28, 2022 Updated:13:03, January 28, 2022 By Xinhua

Photo taken on May 30, 2019 in center Milan shows the logo of American multinational company Apple. (MIGUEL MEDINA / AFP)

SAN FRANCISCO - Apple on Thursday announced financial results for its fiscal 2022 first quarter ended Dec. 25, 2021, with an all-time revenue record of $123.9 billion, up 11 percent year-over-year and quarterly earnings per diluted share of $2.10.

Apple's net sales in the Greater China region increased to $25.8 billion from $21.3 billion a year ago, counting more than one-fifth of the total net sales worldwide, according to its financial statement.

Its net income for the quarter increased to $34.63 billion from $28.76 billion a year ago.

Sales of iPhone amounted to $71.63 billion, up from $65.60 billion a year ago

The company's iPhone, Mac, Wearables, and Services revenue reached new all-time highs.

Sales of iPhone amounted to $71.63 billion, up from $65.60 billion a year ago.

Its Mac sales increased to $10.6 billion from $8.7 billion a year ago.

Its sales of Wearables, Home and Accessories products increased to $14.70 billion from 12.97 billion a year ago.

ALSO READ: Apple's new iPhone 13 touts faster 5G, sharper cameras

The services income reached $19.5 billion, compared to $15.8 billion the previous year.

This handout image obtained Sept 14, 2021, courtesy of Apple Inc, shows Apple CEO Tim Cook unveiling the new iPhone 13, which comes in five colors including pink, during a special event at Apple Park. (BROOKS KRAFT / APPLE INC / AFP)

This quarter's record results were made possible by our most innovative lineup of products and services ever.

Tim Cook, Apple's CEO

Of all major product categories, only iPad sales dropped to $7.2 billion from $8.4 billion a year ago.

"This quarter's record results were made possible by our most innovative lineup of products and services ever," said Tim Cook, Apple's CEO.

"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," he added.

"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," said Luca Maestri, Apple's CFO.

READ MORE: Apple to let media apps avoid 30% fee after global scrutiny

Apple's board of directors has declared a cash dividend of 0.22 dollar per share of the company's common stock. The dividend is payable on Feb. 10, 2022 to shareholders of record as of the close of business on Feb. 7, 2022.

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