Apple shatters its own holiday financial record, hitting $123.9 billion in revenue on the quarter

Apple's hardware and services generated $123.9 billion in revenue for the first quarter of 2022, breaking not just its own holiday quarter records, but beating Wall Street consensus as well.Announced on Thursday ahead of Apple's customary analysts call, Apple's revenue of $123.9 for the quarter ending December 2021 equates to a year-on-year annual growth/decline from the then-record-setting $111.4B reported one year ago. Apple's earnings per share is $2.10 for the quarter, up from $1.68 in the Q1 2021 results.The gross margin for the quarter of $54.2 billion is up from one year ago's figure of $44.3 billion, and operating expenses of $12.7 billion are up from the year-ago $10.8 billion. Net Profit is pegged at $34.6 billion, also up from $28.8 billion in the same quarter last year. Read more...