Only the iPad runs worse
Apple achieves record sales
01/27/2022, 11:28 p.m
Apple defies the global supply bottlenecks and is growing strongly. In the Christmas quarter, sales increase to almost $124 billion, an unprecedented level. iPhone sales account for almost 60 percent of this.
Apple has implemented and earned as much in its first quarter as never before. Despite product availability issues as a result of the global chip shortage and disrupted supply chains, the company reported revenue of $123.95 billion for the first quarter of fiscal 2022 ended December. That was 11 percent more than in the previous year. In addition, Apple CEO Tim Cook was confident that the supply shortages for components will soon subside. That went down well with investors; the share initially rose by 3.2 percent in after-hours trading.
The bottom line is that Apple earned 34.63 (previous year: 28.76) billion dollars or 2.10 (1.68) dollars per share. iPhone sales climbed to $71.63 (65.6) billion in the first quarter, which includes the important holiday season, with the new iPhone 13. Apple introduced the new iPhone in September. Analysts had expected sales of $119 billion, earnings per share of $1.90 and iPhone sales of $67.6 billion.
At the same time, Apple was able to increase in all product areas in the past quarter – except for the iPad area. Sales of Mac computers climbed 25 percent to around $10.85 billion. Business with services like Apple Music and iCloud storage grew to $19.52 (15.76) billion. With the iPad, however, the proceeds went back surprisingly strongly by 14 percent to 7.25 billion dollars. Chief Financial Officer Luca Maestri had already warned in late October that iPad sales could be dampened by supply shortages. Apple stopped providing detailed financial forecasts at the beginning of the Covid-19 pandemic and has not yet resumed the practice.