Apple released its financial report for the first quarter of the 2022 fiscal year that covers the period from October through December. The report revealed records for sales, which rose 11 percent to $123.95 billion, and net income which saw a 20% rise by 20% to $34.63 billion.
The majority of Apple’s major product categories grew YoY: the iPhone, Mac computers, wearables as well as home speakers and accessories. Only the iPads seeing a slight decrease.
Tim Cook, Apple’s CEO stated that the record was achieved because of the company’s “most innovative lineup of products and services ever”. He also noted that consumers are seeking to be more connected than ever before, and Apple will do all it can in order to “build a better world” which includes the steps towards becoming carbon neutral by 2030.