- ⏰ Yesterday at 22:39 (Updated yesterday at 23:16)
- Julian Russo
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The Cupertino company has just published its results for the second fiscal quarter of 2022. In calendar year, this is obviously the first quarter of 2022. iPhone sales have been very positive with in particular an increase in production for certain models iPhone 13 and Mac shipments were up slightly, according to Counterpoint Research. So, good or bad trimester? Let’s check it out!
Revenue is up 8.6% in Q2 2022
At the end of each fiscal quarter, Apple meets to announce its financial results. It’s the perfect time to to reassure investors and boost AAPL stock. As we are in a rather complicated period due to Covid-19 and the persistent shortage of chips, Apple can afford to disappoint analysts and customers, especially after the impressive quarter achieved previously where all indicators were green. .
The results unveiled this evening are valid for the months January, February and March 2022. Apple begins its fiscal year on October 1 of year N-1.
Let’s get straight to the heart of the matter with turnover. Over the past three months, Apple has gained 97.28 billion of dollars. A large sum rise of 8.6% compared to the same period last year. The net profit from this turnover is 25.01 billion of dollars (+5.84%) with earnings per share of $1.52.
Q2 2022 revenue is broken down into several categories:
- We find theiPhone, which is the main income. apple won 50.57 billion dollars, or a rise of 5.50% compared to last year over the same period. Note that the category benefited from strong support from the iPhone 13 Pro which is selling perfectly. Apple also gave a little boost with the arrival of the green color and the iPhone SE 3 at the end of the quarter.
- Then the‘iPad. A category in good shape thanks to the iPad Air 5 and its M1 chip which manages to convince more and more demanding users on features and performance. Apple wins 7.65 billion dollars, or a decrease of 2.05%.
- the Mac ! Apple’s computer reports to the Californian firm the sum of 10.44 billion dollars, or a rise of 14.73%. The category was boosted by the availability of notched MacBook Pro M1s late last year and the Mac Studio.
- The penultimate category concerns theApple Watch and accessories like AirPods, the “catch-all”. This product category earned 8.81 billion dollars, or a rise of 12.37%.
- To finish, Services ! The category, which has been growing for the past few years, has become more important than ever in the quarterly results. Services pay off 19.82 billion dollars, or a rise of 17.28%.
Tim Cook expressed in the financial report:
This quarter’s record results demonstrate Apple’s relentless focus on innovation and our ability to create the best products and services in the world. We are delighted to see the strong customer response to our new products, as well as the progress we are making towards becoming carbon neutral throughout our supply chain and products by 2030. We are committed, as always, to be a force for good in the world – both in what we create and in what we leave behind.
Luca Mestri Apple’s CFO said:
We are very pleased with our record business results for the March quarter, as we set an all-time revenue record for Services and March quarter revenue records for iPhone, Mac and Wearables, Home and Accessories. Continued strong customer demand for our products has helped us reach an all-time high for our installed base of active devices. Our strong operating performance generated operating cash flow of more than $28 billion and enabled us to return nearly $27 billion to our shareholders during the quarter.