Apple’s iPhone saw another high-performing quarter. In the fourth quarter of 2022, Apple reported a $90.1 billion record revenue, and out of that, iPhone sales accounted for $42.6 billion.
For the same quarter the previous year, iPhone revenue set a quarterly record of $38.9 billion with 47% growth. Apple CEO Tim Cook accredits the iPhones’ successful advanced innovation offered to consumers in the latest iPhone 14 series and iOS 16 update.
At the Q4, 2022 earning call, Cook said:
iPhone 14 and iPhone 14 Plus come with a new dual-camera system, industry-leading durability, incredible power and amazing battery life. And our iPhone 14 Pro models are packed with even more groundbreaking innovations.
And there’s no other company that fuses best-in-class hardware with cutting-edge software and services to create a truly integrated and seamless experience. With iOS 16, we’re giving customers more ways to personalize their iPhones through a customizable lock screen and focus filters.
Active install base of iPhones reach a new all-time high in Q4, 2022
Since the pre-orders for iPhone 14 series opened in September, the demand for iPhone 14 Pro models has been very high. So much so, that it over shined sales of standard iPhone 14 models.
Apple Chief Financial Officer, Luca Maestri detailed that in the September quarter of 2022, iPhone sales grew by 10% in large and several emerging markets as well like Vietnam, Mexico and others.
iPhone revenue grew 10% year over year to a September quarter record of $42.6 billion, despite significant foreign exchange headwinds. We set September quarter records in the vast majority of markets we track, and our performance was particularly impressive in several large emerging markets, with India setting a new all-time revenue record and Thailand, Vietnam, Indonesia, and Mexico more than doubling year over year.
He also added that the iPhones’ active install base reached a new all-time high.
Thanks to our strong iPhone lineup, we set a quarterly record for upgraders and grew switchers double digits. This level of sales performance, along with unmatched customer loyalty, drove the active installed base of iPhones to a new all-time high across all geographic segments.
