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Apple Reports Record 1Q 2022 Results: $34.6B Profit on $123.9B Revenue
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Nice job AAPL. Glad to be a long-term shareholder.
Very impressive under normal conditions, but given supply and delivery constraints, it’s amazing.
Hat tip to Mr. Cook who keeps the ship steering in the right direction.
Brought AAPL in beginning of January at 177-178ish and has fallen in 160s. Have to wait till I can breakeven now!
Pricing is usually more an indicator of what the market will bear, and less a formulaic “sum up the price of components and add a 30% margin”. Else, there would be no market for luxury goods like Hermes.
In short, what this means is that the price of something like the MBA represents its value to the consumer, and that the price has remained constant works because after more than a year, we still don’t really have a noteworthy contender to the M1 chip in terms of the benefits that it brings.
What this goes to show is that despite Apple’s pricing, sufficient people find enough value in their products to buy them over supposed cheaper alternatives. Which I feel goes back to my oft-mentioned mantra about how Apple products tend to cost more upfront, but they quickly pay for themselves in the form of greater productivity and fewer problems overall.
Fight it, deny it, rant again it. Apple will continue to prosper all the same.
Inflation has forced every company to raise their prices just to break even at profits. Apple’s strength is their ability to raise prices enough to improve profits due to customer loyalty that accepts these price raises.
Samsung sets revenue records with stronger product sales
The next Galaxy S is coming on February 9th.
www.theverge.com
Market sets pricing and results are in! People are good with the prices!
Is the M1 Mac better than prior Macs?
This is a Company that even in challenging circumstances KNOWS how to make money!
Apple today announced financial results for the first fiscal quarter of 2022, which corresponds to the fourth calendar quarter of 2021.
For the quarter, Apple posted revenue of $123.9 billion and net quarterly profit of $34.6 billion, or $2.10 per diluted share, compared to revenue of $111.4 billion and net quarterly profit of $28.8 billion, or $1.68 per diluted share, in the year-ago quarter.
Despite headwinds from chip shortages and other supply chain issues that Apple had previously said would hamper its ability to meet customer demand during the quarter, Apple's revenue and earnings for the quarter were all-time records. Apple's iPhone, Mac, Wearables, and Services segments also recorded all-time highs for revenue.
Gross margin for the quarter was 43.8 percent, compared to 39.8 percent in the year-ago quarter. Apple also declared a quarterly dividend payment of $0.22 per share, payable on February 10 to shareholders of record as of February 7.As has been the case for well over a year now, Apple is once again not issuing guidance for the current quarter ending in March.
Apple will provide live streaming of its fiscal Q1 2022 financial results conference call at 2:00 pm Pacific, and MacRumors will update this story with coverage of the conference call highlights.
Conference call starts at 2:00 p.m. Pacific - No need to refresh
Visit article to see live updates
Article Link: Apple Reports Record 1Q 2022 Results: $34.6B Profit on $123.9B Revenue [Live Coverage]
Such awesome chart and pie graph - I always look forward to this quarterly take from MacRumors and it's Superb!
Just to play devil's advocate (or somebody who makes their living via the financial markets), it could be a good idea to think about diversifying your holdings. I have no idea, obviously, what your investment time frame is but say, for discussion purposes, you plan to retire in 30 years.
Now look at the components of the Dow Jones Industrial Average in 1991 vs. 2020:
So, as the cliché goes, you should keep riding your winner trade (AAPL). But having a highly concentrated portfolio or retirement account can lead to lots of volatility, or worse.
Oh yeah - that part is an honest mistake! haha. (for real actually - but call me a fool - I am a rich fool!)
It was the "120" part that blew my mind! How did they beat last Christmas Quarter - just wow.
That makes it truly WAY more than $1 BILLION dollars in the cash register - but how can they fit the money in there? It's impossible. I guess everyone uses Visa cards these days or something?
I study the graphs more than I do the article. Macrumors does a nice job of illustrating this to the reader.
Those prices need to be adjusted for inflation to be comparable to the current prices:
2017 $999 => 2021 $1,089
2018 $1,199 => 2021 $1,276
2019 $1,099 => 2021 $1,149
2020 $999 => 2021 $1,031
(calculated at https://mint.intuit.com/blog/planning/inflation-calculator/)
AAPL is a long game; don't sweat the short term volatility.Brought AAPL in beginning of January at 177-178ish and has fallen in 160s. Have to wait till I can breakeven now!
It’s all about Services in the Ecosystem. Look at the continuing growth in the curve. Despite all the haters Apple just keeps on rolling.
Time to focus on other things like next weeks WX Forecast.
Yeah this is an important takeaway for me as well. On a personal note, I bought an iPad Pro a few years ago and barely touch it. I've had a few friends say the same. I really wonder about the future of that device category in general.