Apple reports record revenue for first quarter

Apple on Thursday posted revenue of $123.9 billion for its fiscal first quarter, up 11 percent over the year ago quarter. This represents an all-time revenue record for the company.

“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 gratified to see the response from customers around the world at a time when staying connected has never been more important. 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 reported iPhone revenue of $71.6 billion for this quarter, up from $65.5 billion in the same quarter last year. Mac revenue was $10.8 billion, up from $8.6 billion last year. iPad revenue was $7.2 billion this quarter, down from the $8.4 billion reported in the year-ago quarter. Wearables, Home and Accessories revenue came in at $14.7 billion this quarter, up from $12.9 billion last year, and Services revenue was $19.5 billion this quarter compared to $15.7 billion last year.

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