Update on Supply of iPhone 14 Pro and iPhone 14 Pro Max - Investing News Network

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Apple® contiguous announced fiscal results for its fiscal 2022 4th fourth ended September 24, 2022. The Company posted a September 4th grounds gross of $90.1 billion, up 8 percent twelvemonth implicit year, and quarterly net per diluted stock of $1.29, up 4 percent twelvemonth implicit year. Annual gross was $394.3 billion, up 8 percent twelvemonth implicit year, and yearly net per diluted stock were $6.11, up 9 percent twelvemonth implicit year.

"This quarter's results bespeak Apple's committedness to our customers, to the pursuit of innovation, and to leaving the satellite amended than we recovered it," said Tim Cook, Apple's CEO. "As we caput into the vacation play with our astir almighty lineup ever, we are starring with our values successful each enactment we instrumentality and each determination we make. We are profoundly committed to protecting the environment, to securing idiosyncratic privacy, to strengthening accessibility, and to creating products and services that tin unlock humanity's afloat originative potential."

"Our grounds September 4th results proceed to show our quality to execute efficaciously successful spite of a challenging and volatile macroeconomic backdrop," said Luca Maestri, Apple's CFO. "We continued to put successful our semipermanent maturation plans, generated implicit $24 cardinal successful operating currency flow, and returned implicit $29 cardinal to our shareholders during the quarter. The spot of our ecosystem, unmatched lawsuit loyalty, and grounds income spurred our progressive installed basal of devices to a caller all-time high. This 4th capped different record-breaking twelvemonth for Apple, with gross increasing implicit $28 cardinal and operating currency travel up $18 cardinal versus past year."

Apple's committee of directors has declared a currency dividend of $0.23 per stock of the Company's communal stock. The dividend is payable connected November 10, 2022 to shareholders of grounds arsenic of the adjacent of concern connected November 7, 2022.

Apple volition supply unrecorded streaming of its Q4 2022 fiscal results league telephone opening astatine 2:00 p.m. PT connected October 27, 2022 astatine apple.com/investor/earnings-call . This webcast volition beryllium disposable for replay for astir 2 weeks thereafter.

Apple periodically provides accusation for investors connected its firm website, apple.com , and its capitalist relations website, investor.apple.com . This includes property releases and different accusation astir fiscal performance, reports filed oregon furnished with the SEC, accusation connected firm governance, and details related to its yearly gathering of shareholders.

This property merchandise contains forward-looking statements, wrong the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements see without regulation those astir the outgo of the Company's quarterly dividend, its biology initiatives, and its plans for caller features, products, and semipermanent growth. These statements impact risks and uncertainties, and existent results whitethorn disagree materially from immoderate aboriginal results expressed oregon implied by the forward-looking statements. Risks and uncertainties see without limitation: effects of planetary and determination economical conditions, including arsenic a effect of authorities policies, war, terrorism, earthy disasters, and nationalist wellness issues; risks relating to the design, manufacture, introduction, and modulation of products and services successful highly competitory and rapidly changing markets, including from reliance connected 3rd parties for components, technology, manufacturing, applications, and content; risks relating to accusation exertion strategy failures, web disruptions, and nonaccomplishment to protect, nonaccomplishment of, oregon unauthorized entree to, oregon merchandise of, data; and effects of unfavorable ineligible proceedings, authorities investigations, and analyzable and changing laws and regulations. More accusation connected these risks and different imaginable factors that could impact the Company's business, reputation, results of operations, fiscal condition, and banal terms is included successful the Company's filings with the SEC, including successful the "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" sections of the Company's astir precocious filed periodic reports connected Form 10-K and Form 10-Q and consequent filings. The Company assumes nary work to update immoderate forward-looking statements oregon information, which talk arsenic of their respective dates.

Apple revolutionized idiosyncratic exertion with the instauration of the Macintosh successful 1984. Today, Apple leads the satellite successful innovation with iPhone, iPad, Mac, Apple Watch, and Apple TV. Apple's 5 bundle platforms — iOS, iPadOS, macOS, watchOS, and tvOS — supply seamless experiences crossed each Apple devices and empower radical with breakthrough services including the App Store, Apple Music, Apple Pay, and iCloud. Apple's much than 100,000 employees are dedicated to making the champion products connected earth, and to leaving the satellite amended than we recovered it.

NOTE TO EDITORS: For further accusation sojourn Apple Newsroom ( www.apple.com/newsroom ), oregon telephone Apple's Media Helpline astatine (408) 974-2042.


Apple Inc. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (In millions, but fig of shares which are reflected successful thousands and per stock amounts)

	Three Months Ended						Twelve Months Ended
	September 24, 2022			September 25, 2021			September 24, 2022			September 25, 2021
Net sales:
Products	$	70,958		$	65,083		$	316,199		$	297,392
Services		19,188			18,277			78,129			68,425
Total nett income ⁽¹⁾		90,146			83,360			394,328			365,817
Cost of sales:
Products		46,387			42,790			201,471			192,266
Services		5,664			5,396			22,075			20,715
Total outgo of income		52,051			48,186			223,546			212,981
Gross borderline		38,095			35,174			170,782			152,836

Operating expenses:
Research and improvement		6,761			5,772			26,251			21,914
Selling, wide and administrative		6,440			5,616			25,094			21,973
Total operating expenses		13,201			11,388			51,345			43,887

Operating income		24,894			23,786			119,437			108,949
Other income/(expense), nett		(237	)		(538	)		(334	)		258
Income earlier proviso for income taxes		24,657			23,248			119,103			109,207
Provision for income taxes		3,936			2,697			19,300			14,527
Net income	$	20,721		$	20,551		$	99,803		$	94,680

Earnings per share:
Basic	$	1.29		$	1.25		$	6.15		$	5.67
Diluted	$	1.29		$	1.24		$	6.11		$	5.61
Shares utilized successful computing net per share:
Basic		16,030,382			16,487,121			16,215,963			16,701,272
Diluted		16,118,465			16,635,097			16,325,819			16,864,919

⁽¹⁾ Net income by reportable segment:
Americas	$	39,808		$	36,820		$	169,658		$	153,306
Europe		22,795			20,794			95,118			89,307
Greater China		15,470			14,563			74,200			68,366
Japan		5,700			5,991			25,977			28,482
Rest of Asia Pacific		6,373			5,192			29,375			26,356
Total nett income	$	90,146		$	83,360		$	394,328		$	365,817

⁽¹⁾ Net income by category:
iPhone	$	42,626		$	38,868		$	205,489		$	191,973
Mac		11,508			9,178			40,177			35,190
iPad		7,174			8,252			29,292			31,862
Wearables, Home and Accessories		9,650			8,785			41,241			38,367
Services		19,188			18,277			78,129			68,425
Total nett income	$	90,146		$	83,360		$	394,328		$	365,817

Apple Inc. CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (In millions, but fig of shares which are reflected successful thousands and par value)

	September 24, 2022			September 25, 2021
ASSETS:
Current assets:
Cash and currency equivalents	$	23,646		$	34,940
Marketable securities		24,658			27,699
Accounts receivable, nett		28,184			26,278
Inventories		4,946			6,580
Vendor non-trade receivables		32,748			25,228
Other existent assets		21,223			14,111
Total existent assets		135,405			134,836

Non-current assets:
Marketable securities		120,805			127,877
Property, works and equipment, nett		42,117			39,440
Other non-current assets		54,428			48,849
Total non-current assets		217,350			216,166
Total assets	$	352,755		$	351,002

LIABILITIES AND SHAREHOLDERS' EQUITY:
Current liabilities:
Accounts payable	$	64,115		$	54,763
Other existent liabilities		60,845			47,493
Deferred gross		7,912			7,612
Commercial insubstantial		9,982			6,000
Term indebtedness		11,128			9,613
Total existent liabilities		153,982			125,481

Non-current liabilities:
Term indebtedness		98,959			109,106
Other non-current liabilities		49,142			53,325
Total non-current liabilities		148,101			162,431
Total liabilities		302,083			287,912

Commitments and contingencies

Shareholders' equity:
Common banal and further paid-in capital, $0.00001 par value: 50,400,000 shares authorized; 15,943,425 and 16,426,786 shares issued and outstanding, respectively		64,849			57,365
Retained earnings/(Accumulated deficit)		(3,068	)		5,562
Accumulated different broad income/(loss)		(11,109	)		163
Total shareholders' equity		50,672			63,090
Total liabilities and shareholders' equity	$	352,755		$	351,002

Apple Inc. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (In millions)

	Twelve Months Ended
	September 24, 2022			September 25, 2021
Cash, currency equivalents and restricted cash, opening balances	$	35,929		$	39,789
Operating activities:
Net income		99,803			94,680
Adjustments to reconcile nett income to currency generated by operating activities:
Depreciation and amortization		11,104			11,284
Share-based compensation disbursal		9,038			7,906
Deferred income taxation expense/(benefit)		895			(4,774	)
Other		111			(147	)
Changes successful operating assets and liabilities:
Accounts receivable, nett		(1,823	)		(10,125	)
Inventories		1,484			(2,642	)
Vendor non-trade receivables		(7,520	)		(3,903	)
Other existent and non-current assets		(6,499	)		(8,042	)
Accounts payable		9,448			12,326
Deferred gross		478			1,676
Other existent and non-current liabilities		5,632			5,799
Cash generated by operating activities		122,151			104,038
Investing activities:
Purchases of marketable securities		(76,923	)		(109,558	)
Proceeds from maturities of marketable securities		29,917			59,023
Proceeds from income of marketable securities		37,446			47,460
Payments for acquisition of property, works and instrumentality		(10,708	)		(11,085	)
Payments made successful transportation with concern acquisitions, nett		(306	)		(33	)
Other		(1,780	)		(352	)
Cash utilized successful investing activities		(22,354	)		(14,545	)
Financing activities:
Payments for taxes related to nett stock colony of equity awards		(6,223	)		(6,556	)
Payments for dividends and dividend equivalents		(14,841	)		(14,467	)
Repurchases of communal banal		(89,402	)		(85,971	)
Proceeds from issuance of word debt, nett		5,465			20,393
Repayments of word indebtedness		(9,543	)		(8,750	)
Proceeds from commercialized paper, nett		3,955			1,022
Other		(160	)		976
Cash utilized successful financing activities		(110,749	)		(93,353	)
Decrease successful cash, currency equivalents and restricted currency		(10,952	)		(3,860	)
Cash, currency equivalents and restricted cash, ending balances	$	24,977		$	35,929
Supplemental currency travel disclosure:
Cash paid for income taxes, nett	$	19,573		$	25,385
Cash paid for involvement	$	2,865		$	2,687