Apple Quarterly net income 2020-2022

Quarterly net income of Apple Inc 2020-2022.

Amounts are in millions.

FY/QuarterNet income (millions)
2022 Annual$99,803
2022 Q4$20,721
2022 Q3$19,442
2022 Q2$25,010
2022 Q1$34,630
2021 Annual $94.680
2021 Q4$20,551
2021 Q3$21,744
2021 Q2$23,630
2021 Q1$28,755
2020 Annual $57,411
2020 Q4$12,673
2020 Q3$11,253
2020 Q2$11,249
2020 Q1$22,236

In the first quarter of 2022, Apple experienced solid growth in its net sales and net income driven by growth in the sales of iPhones, services and Mac compared to the same quarter of last year. The total net income of the company for 2022 remained $99,803 million compared to $94,680 million in 2021. Apple has achieved several important milestones in 2022 including iPhone sales exceeding $200 billion for the first time in its history.

Apple experienced 20% growth in its net income in the first quarter of 2022 compared to the same quarter of last year. Its net income jumped to $34,630 million in 2022 q1 compared to $28,755 million in q1 of 2021.

Its net sales also grew more than 10% in q1 of 2022 compared to 2021 first quarter. Its net sales remained $123,945 million in the first quarter of 2022 compared to $111,439 million in the same quarter of the previous year driven by solid growth in sales of both products and services. 

Apple's earnings per share (EPS diluted) remained $2.10 in q1 2022 compared to $1.68 during the same quarter of 2021.