Apple has released information about the fourth quarter of its 2022 fiscal year, which ended on September 24, 2022. Despite the gloomy economic backdrop, the company posted record revenue for the quarter of $90.1 billion, up 8% compared with the same period year after year. It also posted annual revenue of $394.3 billion, which was also up 8% year-over-year. In addition to a good financial report, the company said its active install base of devices reached all-time highs for all major product categories.

Commenting on the data, Luca Maestri, Apple’s chief financial officer, said:

“Our record September quarter results continue to demonstrate our ability to execute effectively despite a challenging and volatile macroeconomic backdrop. We continued to invest in our long-term growth plans, generated more than $24 billion in operating cash flow, and returned more than $29 billion to our shareholders during the quarter. The strength of our ecosystem, unmatched customer loyalty, and record sales propelled our active installed base of devices to a new all-time high. This quarter capped another record year for Apple, with revenue growth of more than $28 billion and operating cash flow of $18 billion compared to last year.”

For those who own shares in the company, Apple said it will pay a cash dividend of $0.23 per common share of the company. You must own Apple stock by November 7 to receive the cash dividend on November 10.

Going forward, Apple CEO Tim Cook seems optimistic about the company’s prospects. He said Apple is heading into the holiday season with its most powerful lineup to date, while adhering to principles like preserving privacy and protecting the environment. Only time will tell if the fans remain devoted to the brand despite all the financial woes.

Source: Apple