The American company Apple earned 34,630 million dollars in its first fiscal quarter of 2022, which represents 20 % more than in the same period of the previous year, generating a profit of the order of 2.10 dollars per share, above the $ 1.89 anticipated by consensus.
The company’s shares increased by more than 2.5 % after the opening of Wall Street, while income increased 11 % to reach a record figure of 123,940 million dollars, exceeding the projections of analysts, who forecast a 118.5 billion dollars in sales.
While the operating profit has risen to 23 %, which represents some 41,488 million dollars, and the gross margin stood at 43.8 %, above the anticipated 41.7 %.
According to statements offered by Apple CFO, Luca Maestri, “the strong customer response to our recent launch of new products and services drove double-digit growth in revenue and earnings, and helped set an all-time record in our installed base of active devices.”
Records in Apple products
Innovation and new products have generated a significant increase in sales of Apple products. All but the iPad have posted new revenue records, as have the company’s business units. According to Apple CEO Tim Cook, “this quarter’s record results were made possible by our most innovative lineup of products and services.”
Sales by product category report the following figures: 71,628 million dollars were obtained from the sale of iPhones, reflecting a 9 % growth; Mac computers registered 10,852 million dollars, which represents a 25 % growth.
For its part, the Accessories division generated 14,700 million dollars, a growth equivalent to 13 % and the Services division reached 19,500 million dollars, which means a growth of 25 %. However, iPads only brought in about $ 7.248 million in revenue, which is a 14 % decrease.
Impact of inflation
Apple’s CFO made reference to the impact that inflation is having, especially on the company’s logistics costs. However, he estimates that the situation is temporary. “Everyone is seeing inflationary pressure” and this price increase impacts the company’s margins “these increases are being taken into account in its gross margin. Some expenses such as logistics have a very high cost”. I emphasize Master.
Since the pandemic began in 2019, the company has been cautious when giving details about its forecasts for the coming months, due to the high uncertainty experienced by Covid-19, but even so, it continues to grow quarterly, making it a the most valuable company on the stock market.
M. Rodríguez
Source: bolsamania.com
