MacRumors

Apple today announced financial results for the fourth fiscal quarter of 2022, which corresponds to the third calendar quarter of the year.

4q22 line
For the quarter, Apple posted revenue of $90.1 billion and net quarterly profit of $20.7 billion, or $1.29 per diluted share, compared to revenue of $83.4 billion and net quarterly profit of $20.6 billion, or $1.24 per diluted share, in the year-ago quarter.

Gross margin for the quarter was 42.3 percent, compared to 42.2 percent in the year-ago quarter. Apple also declared a quarterly dividend payment of $0.23 per share, payable on November 10 to shareholders of record as of November 7.

For the full fiscal year, Apple set new company records with $394.3 billion in sales and $99.8 billion in net income, up from $365.8 billion in sales and $94.7 billion in net income for fiscal 2021.

"This quarter's results reflect Apple's commitment to our customers, to the pursuit of innovation, and to leaving the world better than we found it," said Tim Cook, Apple's CEO. "As we head into the holiday season with our most powerful lineup ever, we are leading with our values in every action we take and every decision we make. We are deeply committed to protecting the environment, to securing user privacy, to strengthening accessibility, and to creating products and services that can unlock humanity's full creative potential."

As has been the case for over two years now, Apple is once again not issuing guidance for the current quarter ending in December.

4q22 pie
Apple will provide live streaming of its fiscal Q4 2022 financial results conference call at 2:00 pm Pacific, and MacRumors will update this story with coverage of the conference call highlights.

Conference call recap ahead...

➜ Click here to read rest of article...

Apple today introduced Apple Security Research, a new website that is dedicated to improving the methods available to security researchers for reporting issues to Apple. The site offers up tools for sending Apple security reports, getting real-time status updates, and communicating with Apple engineers.

apple security research
In addition to housing information on the Apple Security Bounty program, the website is a blog that will allow the Apple engineering teams to share the latest advances in Apple security. The first post delves into XNU memory safety.

Apple today also shared progress that it has made with the Apple Security Bounty program. In the last two and a half years, Apple has awarded close to $20 million in payments to researchers. Average payouts are around $40,000 in the Product category, and Apple has paid 20 separate rewards over $100,000 for high-impact issues.

Apple says that it is now responding to issues more quickly than before, and has made it easier to report issues and communicate with Apple's teams through the launch of the new website. All bug report status changes are reflected in a new tracker available on the website, which also makes it easier for Apple to collect more information on bugs.

Transparency has been improved as well, with the site offering detailed Apple Security Bounty information and evaluation criteria so researchers have a better idea of what will earn a reward.

Today through November 30, 2022, Apple is accepting applications for the 2023 Apple Security Research Device Program, which provides qualified individuals with an iPhone that is designed specifically to make finding bugs easier.

Apple today seeded the first beta of macOS Ventura 13.1 to its public beta testing group, allowing non-developers to try out the new features ahead of the software's release. The public beta comes one day after Apple provided the beta to developers.

macos ventura roundup header
Public beta testers can download the macOS 13.1 Ventura update from the Software Update section of the System Preferences app after installing the proper profile from Apple's beta software website.

macOS Ventura 13.1 introduces the Freeform app, which Apple has designed for creative collaboration. The app can be used for brainstorming, planning out ideas, jotting down notes, and more. Users can insert drawings, sticky notes, shapes, text boxes, photos, videos, PDFs, links, and other documents, with Freeform serving as a blank canvas.

Freeform "boards" can be shared with other people and discussed over FaceTime, with updates from all participants synced to everyone in real-time.

The update also introduces support for an updated Home app architecture that improves performance for smart home devices.

Related Forum: macOS Ventura

Apple today seeded the first betas of upcoming iOS 16.2 and iPadOS 16.2 updates to public beta testers, opening up the software to the general public. Today's beta comes one day after Apple provided the beta to developers.

iOS 16
Public beta testers who have signed up for Apple's free beta testing program can download the ‌iOS and iPadOS 16.‌2 betas over the air after installing the proper certificate from the Public Beta website.

iOS 16.2 and iPadOS 16.2 introduce the Freeform app, which can be used for jotting down notes, sketching, drawing, brainstorming ideas, creating mood boards, and more. Multiple people can work on the same Freeform board, with changes synced for all participants in real time.


For the iPad, the update brings external display support to the Stage Manager multitasking feature, allowing up to eight apps to be used at once. External display support is available for the M1 and M2 ‌iPad‌ models.

ipados stage manager external display
There is a new Home app architecture coming in iOS and iPadOS 16.2, which Apple says is designed to bring faster, more reliable performance, especially in homes with a lot of smart home accessories. The new architecture requires the HomePod 16.2 beta software, and it causes the Home app not to work with devices updated to iOS 16.2, iPadOS 16.2, or macOS Ventura 13.1.

Unintentional Emergency SOS calls can be reported to Apple in iOS 16.2, and there are a few other minor changes that can be found in our iOS 16.2 feature guide.

Related Forum: iOS 16

Apple today released iOS 15.7.1 and iPadOS 15.7.1, operating system updates that are designed for older iPhones and iPads unable to run iOS 16 and iPadOS 16. The updates are also available to those who have chosen not to update to iOS 16 at this time.

iOS 15 General Feature Purple
The ‌iOS and iPadOS 15.7.1‌ updates can be downloaded on eligible iPhones and iPads over-the-air by going to Settings > General > Software Update.

iOS 15.7.1's launch was delayed because during the beta testing period, it was found that the update was breaking Face ID for some people. Apple has presumably fixed the Face ID issue before releasing the new software.

According to Apple's release notes, the update includes important security fixes and is recommended for all users. iOS 15.7.1 addresses a long list of vulnerabilities, including a kernel vulnerability that Apple says may have been actively exploited, so all users should update as soon as possible. iOS 16 users received these fixes in the iOS 16.1 update.

Users report that their iPhone periodically and sometimes randomly disconnects from Wi-Fi after updating to iOS 16.1, according to reports across Reddit, Twitter (1,2,3,4), and the Apple Support community forums.

iOS 16
Based on what users are sharing, they say their iPhones are periodically and sometimes randomly disconnecting throughout their day, despite no changes in their environment. Other users say their iPhones will sometimes disconnect from Wi-Fi when they're left stationary on standby, such as overnight. Some users have attempted resetting all network settings on their iPhones, but the reset appears ineffective.

iOS 16.1 was released last week and is the first major update to the iOS 16 operating system since its release in September. iOS 16.1 brings multiple new features to ‌iPhone‌ users, including Live Activities.

Apple this week began beta testing iOS 16.2, the next major update to the operating system expected to be released later in November. It's unclear if Apple plans to release an interim update to potentially address the Wi-Fi bug and other issues being experienced by users.

Related Forum: iOS 16

Apple is set to report its earnings results for the fourth quarter of its 2022 fiscal year today at 1:30 p.m. Pacific Time. Apple CEO Tim Cook and Apple CFO Luca Maestri will discuss the results on a conference call for investors at 2:00 p.m. Pacific Time.

iphone 14 pro max deep purple
Keep reading for some key things to know about Apple's fourth quarter, including analyst expectations for revenue and more.

New Products During Quarter

Apple's fourth quarter ran from June 26 through September 24, according to the company's 2022 fiscal calendar. Apple launched or started accepting pre-orders for several new products during this period, including new iPhones, Apple Watches, and more:

  • MacBook Air with M2 chip
  • iPhone 14
  • iPhone 14 Plus (pre-orders only)
  • iPhone 14 Pro
  • iPhone 14 Pro Max
  • Apple Watch SE (second generation)
  • Apple Watch Series 8
  • Apple Watch Ultra
  • AirPods Pro (second generation)

Record September Quarter Expected

On average, Apple is estimated to report revenue of $88.9 billion for the quarter, according to Yahoo Finance. This would be a September quarter revenue record for Apple and 6.5% higher than the $83.4 billion that Apple reported in the year-ago quarter.

Conference Call

Apple's CEO Tim Cook and CFO Luca Maestri will hold a conference call at 2:00 p.m. Pacific Time today to discuss the company's fourth quarter earnings results. The call should be around one hour long and will include a Q&A segment with analysts.

A live audio stream of the conference call will be available on Apple's Investor Relations page, and a recording will be available at a later time for replay.

Investors will be listening for any potential commentary surrounding the economy amid higher-than-average inflation and recession concerns around the world.

What's Next

Apple's first quarter of fiscal 2023 began September 25 and runs through December 31. The quarter has already included the launch of new iPad Pro models with the M2 chip and the 10th-generation iPad, along with pre-orders for a new Apple TV.

Apple has not provided guidance since the start of the COVID-19 pandemic, but analysts expect Apple to post single-digit year-over-year growth in Q1 2023.

AAPL is currently trading at around $147, down around 20% from a 52-week high of $182.94.

Tags: AAPL, Earnings

The 2021 Apple TV 4K has been seeing solid discounts ever since Apple announced the new model earlier this month. Today, the 64GB 2021 Apple TV 4K has dropped to a new all-time low of $109.99, down from an original price of $199.00.

Apple TV Deals 22 Feature Multi0002Note: MacRumors is an affiliate partner with some of these vendors. When you click a link and make a purchase, we may receive a small payment, which helps us keep the site running.

Apple's new 2022 Apple TV 4K models are launching at low price points: $129 for 64GB and $149 for 128GB. With these new discounts on 2021 models, it's a bit easier to recommend an older generation model to anyone who is more inclined to save money over wanting the newest model.

In addition to the 64GB model, the 32GB 2021 Apple TV 4K is on sale for $99.99, down from $179.00. This is also an all-time low price, and both models are in stock and ready to ship from Amazon today.

Those interested in the new 2022 model can still save a bit of money with a pre-order discount on Amazon. If you're on the hunt for more discounts, be sure to visit our Apple Deals roundup where we recap the best Apple-related bargains of the past week.

Related Roundup: Apple Deals

Update October 26 3:31 p.m.: In a statement shared with MacRumors today, Apple said it has paused gambling ads in App Store app pages, with no further details provided:

We have paused ads related to gambling and a few other categories on App Store product pages.

Original story from October 25 follows.



Apple today rolled out new ad placements in the App Store on the iPhone, allowing developers to advertise their apps in more places, including the main Today tab and in the "You Might Also Like" section at the bottom of individual app listings.

new app store ads today tab
Just hours later, several prominent developers have complained about distasteful ads for gambling apps appearing in their own App Store listings outside of their control, including Marco Arment, Simon Støvring, and others. The issue was also highlighted in a tweet shared by MacStories editor-in-chief Federico Viticci.


"Now my app's product page shows gambling ads, which I'm really not OK with," tweeted Arment. "Apple shouldn't be OK with it, either."

As noted by Arment, Apple provides advertisers with the choice to have their ad shown in app categories different than their own app's category, allowing ads for gambling ads to appear in listings for unrelated apps like the podcast app Overcast.

The presence of gambling ads in the App Store as a whole has prompted some criticism, with some accusing Apple of being greedy and moving away from policies that the company upheld under former CEO Steve Jobs. Apple earns revenue from both the ad placements and its 15% to 30% cut of in-app purchases in gambling apps.


Beyond upsetting some developers, Apple allowing apps to run ads in other apps' listings has already led to the company facing accusations of anticompetitive behavior. In a tweet last week, legal expert Florian Mueller argued the ads are "another means of increasing the effective app tax rate, forcing developers to buy ads on their own app pages in order to avoid that others steer customers away from there."


In August, Bloomberg's Mark Gurman said Apple wanted to nearly triple its current advertising revenue to at least $10 billion per year in the future. Gurman said keyword-based search result ads are coming to the Apple Maps app starting next year.

We've reached out to Apple for comment and asked if the company will consider tightening its rules surrounding the ads. We'll update this story if we hear back.

Today is the official launch day for the 10th-generation iPad and the M2 iPad Pro models that Apple announced last week, and we picked up one of each of the new tablets to give MacRumors readers a look at what's new.


The updated 11 and 12.9-inch ‌iPad Pro‌ models are not particularly exciting, as Apple has not introduced any design changes or major feature updates. We did not get the rumored MagSafe charging, the reverse wireless charging, or any other notable additions.

Apple added an upgraded ‌M2‌ chip, which is the same chip that's in the MacBook Air. It brings up to a 15 percent improvement in CPU speeds and up to a 35 percent improvement in GPU performance compared to the M1, but the ‌M1‌ was already pretty robust, so casual users are not going to notice the upgrade.

There is a new Apple Pencil hover feature that allows the display to detect the ‌Apple Pencil‌ when it's 12mm away from the screen for new sketching, drawing, and interface functionality, plus there's WiFi 6E support for faster connection speeds, but that's it. There's no reason to upgrade if you have an ‌M1‌ ‌iPad Pro‌, and it's even a questionable upgrade if you have an A12Z or A12X model.

The low-cost ‌iPad‌ got a much bigger update, but it's unfortunately not as low-cost anymore, with pricing that starts at $449 instead of $329. It no longer has thick bezels and a Touch ID Home button, with Apple instead transitioning to the same ‌Touch ID‌ power button used for the iPad Air and the iPad mini.

There is more available display area (it now measures in at 10.9 inches) and a range of bright colors to choose from, plus it is equipped with a faster A14 Bionic chip. There's an improved 12-megapixel rear camera and it is the first ‌iPad‌ with a landscape front-facing camera, which is useful if you use it in landscape mode with a keyboard.

The low-cost ‌iPad‌ has also gained USB-C and 5G connectivity, plus Apple designed a Magic Keyboard Folio for it, so it's actually quite a bit like the ‌iPad Air‌. In fact, Apple has made the ‌iPad‌ line a bit confusing with the addition of the ‌iPad‌ because it is so similar to the ‌iPad Air‌. It's essentially an ‌iPad Air‌ without an M-series chip.

If you have a prior-generation low-cost ‌iPad‌, it is without a doubt a notable upgrade, and it continues to be $150 cheaper than the ‌iPad Air‌.

What do you think of the new ‌M2‌ ‌iPad Pro‌ and the 10th-generation ‌iPad‌? Let us know in the comments below.

Related Roundups: iPad, iPad Pro
Related Forum: iPad

With the iOS 16.2 beta, Apple has introduced a new Sleep widget that can be added to the new iOS 16 Lock Screen alongside other widgets.

ios 16 2 sleep widget
The Sleep widget is the only new widget addition in iOS 16.2, and it draws from data stored in the Health app and collected by the Apple Watch or other sleep tracking devices. It provides information such as time spent in bed and sleep quality, with three variants available.

A simple one tile widget shows the amount of time that you spent in bed, and two multi-tile options display either a bar chart that shows sleep quality or a larger widget that shows time in bed along with a visual representation. Tapping on the widget opens up the Sleep section of the Health app.

On iPhone 14 Pro and Pro Max models, the Sleep widget is collapsed down when the display is dimmed for the always-on display mode, with a series of lines available for the two tile widget and a bed icon available for the single tile widget.

iOS 16.2 is limited to developers at the current time, with Apple having provided one beta so far. The update is likely to expand to public beta testers in the near future.

Related Forum: iOS 16

The new iPad Pro models announced last week are the first Apple devices to support Wi-Fi 6E, which uses the 6GHz band to enable faster and more reliable Wi-Fi connectivity. In a new support document, Apple explains how the feature works.

ipad pro 2022
To create a Wi-Fi 6E network, Apple says you need a Wi-Fi 6E router that also has its 2.4GHz or 5GHz bands enabled. For the best Wi-Fi performance, Apple recommends using a single network name across the router's 2.4GHz, 5GHz, and 6GHz bands. Otherwise, the iPad Pro identifies the network as having "limited compatibility," with Apple warning that the "overall experience with some activities over the network might not be as expected."

If you experience any issues with a Wi-Fi 6E network, Apple says you can turn off Wi-Fi 6E mode for that network, and the iPad Pro will no longer use that network's 6GHz band. To do so, open the Settings app, tap on Wi-Fi, tap on the name of the network you are connected to, tap on Wi-Fi 6E Mode and toggle it off. However, Apple says this setting appears only for Wi-Fi 6E networks that use a single network name for all bands.

The new iPad Pro was released today and also features the M2 chip, new hover functionality for the Apple Pencil, ProRes video recording, and Bluetooth 5.3.

Related Roundup: iPad Pro
Buyer's Guide: iPad Pro (Don't Buy)

Apple today introduced an overhauled design for the iCloud.com website, which is available in a beta capacity on Apple's test site, beta.icloud.com.

icloud beta widgets
The updated design is a notable departure from the current iCloud design, showing full tiles with previews for Photos, Mail, iCloud Drive, Notes, and more, on a customizable Home page.

You can choose the apps that you use most for the ‌iCloud‌ Home page, selecting from all of the above listed apps as well as apps that include Pages, Numbers, Keynote, and Calendar.

Apple slightly redesigned some of the apps, tweaking toolbars and button locations for a more streamlined experience.

Anyone can see the new ‌iCloud‌ interface by visiting the beta site. It will be in testing for some time, and after Apple works out any bugs with the design, the new look is likely to expand to the main ‌iCloud‌ website.

(Thanks, Tim!)

Apple's software engineering chief Craig Federighi and marketing chief Greg Joswiak spoke with tech columnist Joanna Stern at The Wall Street Journal's Tech Live event in California on Tuesday. A full video of the interview is now available on YouTube.


Notable topics discussed included Apple admitting that it will have to comply with the EU's law requiring the iPhone to switch to USB-C, the lack of iMessage on Android, the lack of a built-in Calculator app on the iPad, App Tracking Transparency, privacy, working from home vs. the office, and more. The interview was also live-streamed on Twitter.

Read our previous coverage for a recap of notable comments from the interview.

Apple is developing a larger 16-inch iPad that it hopes to release in the fourth quarter of 2023, according to a report today from The Information's Wayne Ma. This would be the largest-ever iPad model, topping the 12.9-inch iPad Pro.

iPad More Than 12
"A 16-inch iPad would likely be geared toward creative professionals such as graphic artists and designers who prefer a larger screen," the report says. No additional details were provided about the prospective device, which would have the same screen size as a 16-inch MacBook Pro, providing users with a significantly larger canvas to work with.

Bloomberg's Mark Gurman last year claimed that Apple was exploring the idea of larger iPads that could further "blur the lines" between a tablet and a laptop.

Earlier this year, oft-accurate display industry analyst Ross Young claimed that Apple was also developing a larger 14-inch iPad Pro with a mini-LED display. Taking both of these rumors into account, it is possible that Apple is planning to release both 14-inch and 16-inch iPad Pro models next year, which would mirror the 14-inch and 16-inch MacBook Pro.

Apple just updated the iPad Pro with the M2 chip, Wi-Fi 6E, an Apple Pencil hover feature, ProRes video recording support, and a few other minor improvements last week.

Related Roundup: iPad Pro
Buyer's Guide: iPad Pro (Don't Buy)

The first tvOS 16.2 beta seeded to developers this week enables Siri voice recognition on the Apple TV for a more personalized experience.

Siri Voice Recognition tvOS 16 2
The new feature allows Siri to recognize your voice and switch to your Apple TV user profile, play your music, and provide personalized recommendations for videos, with support for up to six family members, according to Apple. The feature will be available for all users when tvOS 16.2 is released later this year — likely in December.

As noted by Screen Times editor-in-chief Sigmund Judge, it is possible to associate your Siri voice profile from your iPhone or iPad with your Apple TV. Judge shared a preview of the feature on Twitter, but it is not fully functional yet in the beta.


Apple released tvOS 16.1 earlier this week with a new compact Siri interface and added support for "Hey Siri" voice commands via AirPods on the Apple TV.

The Apple TV 4K received a spec bump last week, with new features including an A15 Bionic chip, HDR10+ video support in compatible apps, up to 128GB of storage, a Siri Remote with a USB-C port for charging, a thinner and lighter design without an internal fan, and more. Pricing now starts at a lower $129 to $149 depending on the configuration.

Related Roundup: Apple TV
Buyer's Guide: Apple TV (Don't Buy)

Today on Amazon you can get $100 off nearly every model of the iPad mini 6, starting at $399.00 for the 64GB Wi-Fi model, down from $499.00. This is available in all four colors, and it's the first time we've seen the sale since Prime Early Access earlier in the month.

ipad mini purpleNote: MacRumors is an affiliate partner with Amazon. When you click a link and make a purchase, we may receive a small payment, which helps us keep the site running.

The iPad mini is shipped and sold directly from Amazon, with the fastest delivery estimated to arrive on October 28, and free delivery estimated for October 31 for most colors. As of writing, only Amazon is offering $100 off the iPad mini.

Not only the 64GB Wi-Fi model is on sale, as you can also get the 256GB Wi-Fi iPad mini for $549.00, down from $649.00. Additionally, the 64GB Cellular model is available for $549.00 and the 256GB Cellular model is on sale for $699.00, but only in one color.

For even more iPad deals, head to our full Best Deals guide for iPad. In that guide we track the best discounts online for iPad, iPad mini, iPad Air, and iPad Pro.

Related Roundup: Apple Deals

Target today highlighted recent expansions to its relationship with Apple, led by the growing number of "Apple at Target" locations with the dedicated Apple sales areas now available in over 150 Target stores.

target apple shop
Target says these Apple "shop-in-shops" feature Apple-trained Target Tech Consultants with twice the amount of space dedicated to Apple products compared to a typical Target store.

Ahead of the holiday shopping season, Target is also promoting extended trials of various Apple services for members of the retailer's free Target Circle loyalty program. Target Circle members can get a four-month free trial of Apple Fitness+, which Target says is the best trial offer available from any retailer.

"Apple Fitness+ is designed to be welcoming to all, no matter where you are on your fitness journey. Whether you're just getting started, trying something new or switching up your fitness routine, there are over 3,000 workouts and meditations to choose from, with new ones added each week, ranging from five to 45 minutes across 11 workout types and all led by our amazing team of motivating trainers," says Jay Blahnik, vice president of Fitness Technologies, Apple. "We look forward to bringing Fitness+ to even more people, and helping them lead a healthier day by being more active, through this collaboration with Target."

Beyond Fitness+, other Apple services will also be available under extended free trials for Target Circle members. Services such as Apple Music, Apple Arcade, Apple News+, and iCloud+ are currently available with three-month free trials for Target Circle members, but trials for select services will be extended to as long as five months as part of a holiday promotion starting next month and running through January 5.

Tag: Target