Apple Hits Over $100 Billion Quarterly Revenue for the First Time

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Apple but published its quarterly results for the ‘critical’ first fiscal quarter for 2022. Q1 2022, for Apple, ended on December 26, 2022, subsequently a much successful holiday season for the visitor. The company posted a record quarterly revenue of $111.4 billion for the starting time time.

The Cupertino-based posted revenue of $111.four billion and a net quarterly profit of $28.4 billion. The quarterly revenue is upwardly 21 percent yr over yr according to Apple, with the earnings per diluted share of $1.68. Apple says that 64 percent of the total sales were exterior the United states of america.

“This quarter for Apple wouldn’t have been possible without the tireless and innovative piece of work of every Apple tree team member worldwide. We’re gratified by the enthusiastic client response to the unmatched line of cutting-border products that we delivered across a historic holiday flavor.”

The CEO as well said that the company is looking to invest $350 billion in the United states. Tim Cook also assured that the company is looking to give back to the communities through efforts similar our Racial Equity and Justice Initiative.

For a comparing, Apple reported $91.8 billion in acquirement in Q1 of 2022 and a profit of $22.two billion. This year, the visitor reported an increase of ~$20 billion in revenue and an increased profit of ~$half-dozen billion. That’southward a growth of well-nigh 20%, both in acquirement and profit, despite COVID-xix affecting the business concern.

Breaking down the Apple Q1 2022 report in numbers, to see how much each category contributed towards the $111.4 billion revenue:

  • $65.60 billion: iPhone (59%)
  • $15.76 billion: Services (14%)
  • $eight.68 billion: Mac (viii%)
  • $12.97 billion: Wearables, Dwelling, and Accessories (12%)
  • $8.44 billion: iPad (viii%)

Comparing information technology the Q1 2022, iPhone revenue is up by almost $9 billion. It was ~$56 billion last year. Mac sales went up by 0.two%, and the sales are expected to abound with the introduction of next-gen MacBooks based on Apple’south adjacent Silicon chipsets. Unsurprisingly, revenue from the iPad sales increased past over ~15%, with the company introducing the new iPad Air.

Services sector continues to enjoy its regular increase, with it having a growth of over 41%. Fifty-fifty the wearables, home, and accessories category grew 20% year on year. Apple tree introduced a lot of products like Apple Watch Serial 6, AirPods Max, and HomePod Mini in this category. Apple Watch is condign an integral role of our life, and this category is expected to grow even further this year.

Much of this growth, as we can run into, is contributed by the iPhone 12 serial. The flagship smartphone was the best selling 5G smartphone in October 2022, and has been selling pretty well. Though Apple has supposedly ordered iPhone 12 Mini production to the iPhone 12 Pro, sales of the iPhone 12 serial are in line with Apple’south expectations and are but expected to grow.

We Want to Hear From You

What are your thoughts on Apple tree crossing $100 billion in revenue? What do you think was the most impactful production for Apple this quarter? Which Apple products did you lot buy last quarter? What were your expectations from Apple Q1 2022? Exercise permit us know in the comment department below!

[Via Apple]


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