In the quarter of June, Apple records a new record in revenue, thanks to iPhone and services: 83 billion dollars, a figure even higher than forecasts and 2% higher than last year.
Last night, Apple unveiled its fiscal results for the quarter that ended June 25, 2022.
We are facing one of the very few companies that, despite the pandemic, the war, and the crisis of resources and chips, managed to announce a new record in turnover, for a total of 83 billion dollars and a growth of 2% compared to in the same quarter last year. Diluted quarterly earnings per share are $ 1.20.
The most surprising thing is that the actual revenues have even exceeded the expectations and forecasts of the company.
Driving this record is revenue from iPhones and services. The other sectors, in truth, have suffered some minor losses, but the growth of the iPhone and the services are not compensating but they go even further. Let’s see the details:
iPhone: 40.6 billion in revenues compared to 39.5 billion in the same quarter last year. A growth of 2.5%.
iPad: 7.2 billion, down from 7.3 billion last year
Mac: 7.3 billion, down from 8.2 billion last year
Wearables, Home and Accessories: 8 billion, down from 8.7 billion last year
Services: 19.6 billion, a nice increase compared to 17.4 billion last year.
“The June results continue to demonstrate our ability to effectively manage our business despite the complex operating environment,” said Luca Maestri. “During the quarter in question, we generated approximately $ 23 billion in operating cash flow, returning over $ 28 billion to our shareholders and continuing to invest in our long-term growth plans.”
For some time Apple has not offered specific details regarding the service sector, so we cannot know how many subscribers to Apple Music, how many to Apple TV + and so on, but we can say that there are 860 million subscribers.
This is always reported by Luca Maestri, who underlines an increase of 160 million subscribers in the last 12 months.
Finally, while Microsoft, Google and many other companies have decided to put a stop to new hires and opt for a slowdown in spending due to fears of an economic recession, Apple continues undaunted with its classic modus operandi and with its hires. Tim Cook said:
We are making conscious decisions about how to invest our money but we continue to hire, we are doing it in a very thoughtful way.
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