Apple Expected to Announce Record-Breaking March Quarter

[MacRumors]

Apple is set to report financial results for the second quarter of the 2022 fiscal year later today, and Wall Street is expecting record-breaking figures.

On average, analysts forecast that Apple will set a new March quarter record for the company with revenue of $93.9 billion, according to Yahoo Finance. This revenue growth is expected to come from the iPhone, Mac, Services, and Wearables, while iPad revenue is expected to be relatively flat, according to estimates compiled by Philip Elmer-DeWitt.

Apple's revenue over the last five March quarters:

• 2022 (Estimated): $93.9 billion
• 2021: $89.6 billion
• 2020: $58.3 billion
• 2019: $58.0 billion
• 2018: $61.1 billion

Apple's second quarter ran from December 26 through March 26, according to the company's fiscal calendar. During this period, Apple launched its all-new Mac Studio desktop computer and Studio Display, the third-generation iPhone SE, the fifth-generation iPad Air, and new green color options for the iPhone 13 and iPhone 13 Pro.

Apple will report its earnings results at 1:30 p.m. Pacific Time today. Apple's CEO Tim Cook and CFO Luca Maestri will discuss the results on a conference call at 2 p.m. Pacific Time today, and MacRumors will have live coverage of the remarks.

Article Link: Apple Expected to Announce Record-Breaking March Quarter

 

[Spock]

I can remember a time when people actually said that Apple was doomed and it was not clickbait, amazing how things have changed.

 

[Freeangel1]

I'm actually surprised.

Selling 7000 Mac units in 1 quarter seems extremely low. especially for introducing the New Mac Studio and the new MacBook Pro.

Brand new Mac Models and a new Apple Silicon Architecture and only 7000 Macs were sold in one whole quarter??

 

[Corsig]

With all that money they have they can give everyone in the world $125 million each and free phones

Edit- to clarify extreme sarcasm being used which wasn’t understood

 

[TheYayAreaLiving 🎗️]

Apple is really on its way to hitting 100 Billion dollars just in the revenue. This is insane. Really loss of words right now.

 

[coredev]

Really looking forward to the conf call.

 

[coredev]

With all that money they have they can give everyone in the world $125 million each and free phones

I am pretty sure your math is off there.
Also a big difference between revenues, profit, money in the bank, and market cap.

 

[contacos]

How much tax do they pay in each market responsible for that revenue though?

 

[coredev]

I'm actually surprised.
Selling 7000 Mac units in 1 quarter seems extremely low.

Where do you read this number? It is certainly a mistake or there is a thousands/millions multiplicator somewhere.

 

[Corsig]

I am pretty sure your math is off there.
Also a big difference between revenues, profit, money in the bank, and market cap.

You had to know I was being sarcastic. Please tell me you knew that

 

[Bull 07]

Apple's success is what bothers Europe.

 

[opuscroakus]

On average, analysts forecast that Apple will set a new March quarter record for the company with revenue of $93.9 billion, according to Yahoo Finance.

The analysts went on to predict that roughly $34.7 billion of those earnings came from ram and ssd upgrades. ?

 

[yabeweb]

With all that money they have they can give everyone in the world $125 million each and free phones

I am pretty sure your math is off there.
Also a big difference between revenues, profit, money in the bank, and market cap.

You had to know I was being sarcastic. Please tell me you knew that

Everyone says that when they sober up and realized what they wrote...

Hey I'll have what you had!

 

[gomichaelgo]

It's a strange time when companies announce record quarters (revue, profit, profit margin, sales...) while we are discussing inflation costs, rising ceo pay, union busting efforts.

 

[Deguello]

Everyone says that when they sober up and realized what they wrote...

Hey I'll have what you had!

It was obviously a reference to the innumerate claim that Bezos could give everyone on earth a billion dollars, or whatever.

 

[w5jck]

I'm actually surprised.

Selling 7000 Mac units in 1 quarter seems extremely low. especially for introducing the New Mac Studio and the new MacBook Pro.

Brand new Mac Models and a new Apple Silicon Architecture and only 7000 Macs were sold in one whole quarter??

Apple's "bread and butter" device has been the iPhone for well over a decade now. They concentrate on their big money maker (iPhones/iPads) and the services they can generate sales from that are connected to them. Macs are just a small portion of their overpriced empire.

 

[Macative]

I'm actually surprised.

Selling 7000 Mac units in 1 quarter seems extremely low. especially for introducing the New Mac Studio and the new MacBook Pro.

Brand new Mac Models and a new Apple Silicon Architecture and only 7000 Macs were sold in one whole quarter??

Firstly, no one can even get the MacBook Pro.

Second, who is buying the Mac Studio? Not many.

 

[Macative]

Apple's "bread and butter" device has been the iPhone for well over a decade now. They concentrate on their big money maker (iPhones/iPads) and the services they can generate sales from that are connected to them. Macs are just a small portion of their overpriced empire.

Mac has outsold iPad several, several times.

iPhone is in a class unto itself and is practically a different company from everything else.

 

[Corsig]

Everyone says that when they sober up and realized what they wrote...

Hey I'll have what you had!

Lol a coffee and protein shake for everyone

 

[britboyj]

This will not make the EU happy.

 

[RandomTox]

and how does this make my life better?

 

[BootsWalking]

Apple has been putting on a clinic for how to run a successful company. Amazing execution. Congrats to all the shareholders who have ridden this rocket ship to the moon.

 

[Diablo360]

Apple seems to be doing great but I wonder how long they (and other tech companies) can keep growing this fast? The economic picture seems to be getting bleaker by the day, supply chain issues, inflation out of control, etc..

 

[coredev]

and how does this make my life better?

Not sure about your life, but I for one look forward to the dividend payment they will announce.
With the second quarter results Apple usually also increases the dividend.

 

[erikkfi]

Apple can afford to have more software competition on the iPhone.