Despite inflation and the threat of recession: Apple again with record sales | TechBuzz

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In view of the high inflation and an imminent recession, some observers did not expect that Apple would close the third fiscal quarter of 2022 with a plus. However, it turned out to be close. On Thursday evening, the company will present its quarterly figures and look back on total sales of almost 83 billion US dollars from April to June. That is around one and a half billion more than in the same period last year.

Quarterly figures 03/2022 sales

Slight growth in iPhone sales

The iPhone once again turns out to be the anchor for the financial results. A very stable performance of the smartphone keeps sales at a consistently high level. From April to June, Apple earned 40.7 billion US dollars with the iPhone, in the same period last year it was still 39.6 billion dollars. iPads, on the other hand, recorded a slight decline, from 7.4 to 7.2 billion US dollars in sales.

Services up again, but…

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Quite a bit of year-over-year growth is in the Services category — Apple Music, iCloud, Apple TV+, and all of Apple’s other services. Apple earned $19.6 billion from its services and subscriptions, $2.1 billion more than a year ago. But one detail clouded the success of the services category: For almost two years in a row, Apple was able to increase sales in this area from quarter to quarter, now they are down again compared to the directly preceding quarter. Because from January to March 2022, Apple still made 19.8 billion dollars with the services.

Mac sales decline slightly

The biggest minus in the sales overview is emblazoned with the Macs. A year ago, 8.2 billion US dollars were turned over, this year from April to June it was only 7.4 billion. One of the reasons for this could be that there was increased investment in IT equipment during the corona pandemic and in home office times, these effects are likely to have decreased again in the meantime. And also in the wearable category – i.e. Apple Watch, AirPods and accessories – there is a clear minus. Revenue falls from $8.8 to $8.1 billion.

Apple CFO on quarterly figures

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“Our June quarter results demonstrate our ability to run our businesses effectively despite adverse market conditions. We set a new June record, and our active device install base hits a new all-time high across all territories and product categories,” said Apple CFO Luca Maestri.

Share price increases significantly in after-hours trading

The quarterly figures were received very positively on the stock market. In the after-hours trading, the Apple share has increased significantly in value. The closing price was 157.35 US dollars, after the results were announced, the price (at the time of writing the article) had risen to almost 164 US dollars, an increase of a good 4 percent. Also relevant for shareholders: Apple has announced a dividend payout of $0.23 per share, the payout is due on August 11th.

Via Apple

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I am admin of techbuzz.asia blog & I provide tech-related news. As a part of my hobby, I make content related to technology and gadgets reviews too. I love to be a content creator apart from it, I am a full-time employee in an MNC company and manage blogs systematically. You can mail me at [email protected]

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