Driven by file quarters for its iPhone and Mac verticals, Apple has introduced “an all-time revenue record of $123.9 billion, up 11 percent year over year” for the primary quarter of 2022.
“This quarter’s record results were made possible by our most innovative lineup of products and services to date,” stated CEO Tim Cook. In a later earnings name, he elaborated that the corporate “set all-time records for both developed and emerging markets and saw revenue growth across all of our product categories except the iPad”. He added that the iPad continues to be “supply constrained”, and so they had been “higher than the September quarter” with extra enhancements later showing round March.
Tim Cook stated there have been some encouraging indicators for March, however cautioned to not take it as a prediction, “due to the number of variables that go into such a prediction”.
This is the eighth quarter because the pandemic started and Cook stated, “While I can’t say it gets easier, I can say it’s the way our teams have come together and on behalf of our customers.” I’m very happy with persevering with to innovate.”
Responding to a query, Cook stated that “by far the biggest issue is the lack of a chip”, which is “industry-wide” and on “legacy nodes”. “We pride ourselves on getting products to customers who really want them and strive to do so fast. And so it’s frustrating that we can’t always do it at the speed we want,” Cook stated. stated.
Cook stated there have been some encouraging indicators for March, however cautioned to not take it as a prediction, “due to the number of variables that go into such a prediction”.
Meanwhile, a report by analysis company Counterpoint stated Apple’s international smartphone shipments grew 18% year-on-year to a file 23.8 million models, pushed by development within the US, Europe, India and China. Senior analyst Harmeet Singh Walia stated Apple’s “growth in the US was largely driven by demand for the first 5G-enabled iPhone 12 series by the first quarter of 2021; on a strong Q4 thanks to Black Friday and holiday season promotions”. Ending demand which continued all year long.He stated that in India too, the corporate had a very good 12 months on account of larger alternative charges, higher availability and extra enticing financing choices in mid- to high-end telephones.
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With inputs from TheIndianEXPRESS
