Apple’s financial report for the quarter ending March 2022 – $97.3 billion revenue with the rise of the iPhone and the decline of the iPad

Apple’s financial report for the quarter ending March 2022 – $97.3 billion revenue with the rise of the iPhone and the decline of the iPad

Apple’s financial report for the quarter ending March 2022 – $97.3 billion revenue with the rise of the iPhone and the decline of the iPad

News unit : Company Apple on Thursday, April 28, 2022 (May 8, 1401) presented its financial report for the second quarter of the fiscal year 2022 ended on March 26, Published a Apple’s revenue in this quarter was announced at 97.3 billion dollars, which indicates a 9% increase compared to last year. Apple’s operating profit and net profit in the quarter were 29.98 and 25.01 billion dollars, respectively, which indicate an increase of 9 and 5.8 percent. Diluted earnings per share of Apple in the first quarter of this year were announced at $1.52, which is an increase of more than 8.5% year-on-year. Apple shares fell 4% after this report due to the announcement of a possible hit of 8 billion dollars due to supply restrictions.

9% increase in annual income Apple talks about the strong growth of this collection in the March quarter, and some observers see it as a response to investors’ concerns regarding the deteriorating macroeconomic environment (affecting the market demand for advanced phones and modern computers). have interpreted Tim Cook, the CEO of Apple, considers the results of this quarter as evidence of the group’s tireless focus on innovation and the company’s ability to create the best products and services in the world. We are happy that we have achieved to become [a company] carbon neutral throughout our supply chain and products by [year] 2030.”

Tim Cook, CEO of Apple

Luca Maestri, Apple’s financial director While being pleased with the results of this season, he announced the highest revenue for the service sector and the record revenue generation of iPhone, Mac and wearables, home and accessories for a quarter ending in March and continued strong customer demand for Apple products as a factor for reaching the highest level. active devices of this company. According to Maestri, Apple’s operating cash flow has reached more than 28 billion dollars this time, and nearly 27 billion dollars have been returned to Apple’s shareholders during this quarter. We look at the various divisions of Apple in the quarter ending March 26, 2022.

iPhone: the highest revenue in a quarter ending March

Revenue Apple’s iPhone sales in the first quarter of 2022 reached 50.57 billion dollars, which is an increase of nearly 5.5% compared to 47.93 billion dollars last year. The main reason for the success of iPhone phones this time should undoubtedly be the continued popularity of the iPhone 13 series. It is related that despite the usual seasonal drop in the first quarters, they continue to sell well all over the world. Introducing the new generation iPhone SE at the end of this report in March 8, as the cheapest 5G Apple phone, has probably not been unaffected in improving the results of this Apple subset.

iPhone SE 2022

iPhone phones are still the main source of Apple’s revenue by a huge margin, accounting for nearly 52% The total revenue of this collection in the first quarter of 2022 belongs to this product. The market forecast for the revenue of this subset of Apple was $47.88 billion, which was completely exceeded with $50.57 billion. Last year on this day, it faced a significant increase of 78% in annual income generation, now with an income of only 7.64 billion dollars, it has not only recorded a better figure than the previous year, but also shows a decrease of 2%. This decrease in income despite the variety of models in Apple’s product portfolio from the low-cost model iPad 10.2 2021 to iPad Air Equipped with Apple M1 processor and flagship models iPad Pro It refers to specific problems in this category that, apart from the reduced burden of the Corona pandemic and the decrease in the need for tablets for remote work and distance education, according to Tim Cook, have been caused by “very significant supply constraints”.

iPad Air 2022

Mac computers: revenue growth – fruits of the switch to M1 processors

Apple’s Mac computer division in the first quarter of 2022 with an annual growth of 14.6% to Amed has reached 10,435 billion dollars, the reason of which should be related more than anything to the public interest in the M series processors made by Apple itself. Apart from Mac mini, MacBook Air, MacBook Pro and iMac, Apple’s product portfolio in this sector now includes a new advanced product called Mac Studio, which is equipped with M1 Max and M1 Ultra is a very powerful processing tool in the desktop category. Mac computers are Apple’s third source of income after the iPhone and services.

Mac Studio

Wearables, Home and Accessories: Revenue growth falls short of forecasts

Wearables, Home and Accessories Apple, which products such as Apple Watch, HomePod mini and AirPods They can be seen in it, it has registered a revenue of 8,806 billion dollars in the first quarter of 2022, which has increased by 12.3% compared to the same time last year. Of course, the forecasts for the income generation of this subset of Apple were a little more than the announced figure and equal to 9.05 billion dollars, but despite not reaching this amount, we still face an acceptable increase in income compared to last year.

Apple Watch Series 7

Services and services: the second source of income

The services and services sector, which is the second source of income for Apple after the iPhone, has provided ideal conditions this time as well, passing Wall Street’s forecast of $19.72 billion. It has achieved an income of 19.82 billion dollars, which has increased by 17.28% compared to last year. Apple’s services and services department includes subgroups such as App Store, Apple Music, Apple TV +, iCloud, Apple Pay, Apple Care and Apple One

Apple has refused to predict the financial results of the next quarter as usual, but according to Luca Maestri, Apple’s financial director, there are many challenges, including supply restrictions related to Covid-19, in the current quarter. It is Apple that can damage the company’s sales between 4 and 8 billion dollars. The company has also warned about the decrease in demand in the Chinese market due to the continuation of quarantines related to Covid-19.

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