who expected Apple’s quarterly revenues to be as much as $ 300 million lower. As the company emphasizes in the published statement, this is the best second fiscal quarter in history for it.
This quarter’s record performance is a testament to Apple’s relentless focus on innovation and our ability to create the best products and services in the world
said Tim Cook, Apple’s CEO.
Tim Cook drew attention to the fact that the company managed to achieve such high revenues despite problems with supply chains, which negatively affected the supply of iPhones, iPads, Macs and other devices of the manufacturer.
Apple results Apple
Does Apple stand for services? It wasn’t that good yet
The Cupertino company recorded increases in almost all business segments. IPhone sales revenue in the last quarter was $ 50.57 billion (+5.5% y / y), and from the sale of Mac computers – $ 10.44 billion (+14.73% y / y). The slight decrease is only visible in the case of iPads – sales of these devices have reached $ 7.65 billion (-1.92% y / y).
On the other hand, the services did excellent. It is no secret that over the last two years they have become the apple of Tim Cook and Apple’s apple. The Cupertino company has made significant investments in this segment. You can even mention the launch of a streaming service Apple TV + or subscription service with games – Apple Arcade.
These investments are starting to pay off. In the last quarter, revenues from services reached record levels $ 19.8 which means an increase by as much as 12.37 percent. compared to the same period last year. The number of subscribers to Apple’s paid services is currently 825 millionwhich means an increase of 40 million quarter on quarter and as much as 165 million year on year.
Uncertain future
Despite the great results, the market reacted quite conservatively to the numbers presented by Apple. The company’s stocks in post-trade trading were cheaper by 2.24%. Investors’ uncertainty is related, inter alia, to the fact that the company once again failed to present forecasts for the next quarter.
Tim Cook admitted during a conference call with investors that the persistent problems with supply chainssevere for the entire industry shortages siliconbut also disruptions related to the COVID-19 pandemic in certain regions of China may reduce Apple’s revenue in the current quarter by $ 4 billion to $ 8 billion.
Source: Gazeta
Ricardo is a renowned author and journalist, known for his exceptional writing on top-news stories. He currently works as a writer at the 247 News Agency, where he is known for his ability to deliver breaking news and insightful analysis on the most pressing issues of the day.
