Title: Morita equivalences of Ariki-Koike algebras. Authors: Richard Dipper and Andrew Mathas. Keywords: Ariki-Koike algebras, Morita equivalences. Status: Submitted for publication. Abstract: We prove that every Ariki-Koike algebra is Morita equivalent to a direct sum of tensor products of smaller Ariki-Koike algebras which have $q$-connected parameter sets. A similar result is proved for the cyclotomic $q$-Schur algebras. Combining our results with work of Ariki and Uglov, the decomposition numbers for the Ariki-Koike algebras defined over fields of characteristic zero are now known in principle.