Apple announces financial results for the third quarter of fiscal 2022, solidly centered on the iPhone even in a ``difficult business environment'' such as parts shortages and economic recession



On July 28, 2022, local time, Apple reported financial results for the third quarter (April-June) of 2022. Sales in the third quarter increased by 1.87% year-on-year to $ 83 billion (about 11.16 trillion yen), and although net income declined from the same period last year, it exceeded analyst expectations of $ 19.4 billion ( approximately 2.61 trillion yen).

Apple Reports Third Quarter Results - Apple

https://www.apple.com/newsroom/2022/07/apple-reports-third-quarter-results/



Apple Reports Third Quarter Results - FY22_Q3_Consolidated_Financial_Statements.pdf
(PDF file) https://www.apple.com/newsroom/pdfs/FY22_Q3_Consolidated_Financial_Statements.pdf

Apple beats on revenue and profit, expects growth to accelerate despite 'pockets of softness'
https://www.cnbc.com/2022/07/28/apple-aapl-earnings-q3-2022.html

Apple iPhone Sales Remain Resilient as Company Reports 11% Decline in Profit - WSJ
https://www.wsj.com/articles/apple-aapl-q3-earnings-report-2022-11658958641

Apple's services revenue growth slows to $19.6B in Q3, reaches 860M paid subscriptions | TechCrunch
https://techcrunch.com/2022/07/28/apples-services-revenue-growth-slows-to-19-6b-in-q3-reaches-860m-paid-subscriptions/

Apple posted revenue of $83 billion and net income of $19.4 billion in the third quarter of fiscal 2022, according to its earnings report released on July 28, with an 8% year-over-year diluted earnings per share . It decreased to 1.2 dollars (about 160 yen). Despite various uncertainties such as the strong dollar in China, accelerating inflation, chip shortages, and the impact of the new coronavirus infection (COVID-19), Apple's financial results announcement ``succeeded in alleviating investor concerns. We followed the pattern of tech companies,” said The Wall Street Journal, a daily economic newspaper.

“This quarter’s record performance demonstrates Apple’s commitment to constant innovation, unlocking new possibilities and enriching the lives of our customers,” said Tim Cook. As part of Apple's long-standing commitment to making products for everyone, from new features to protect to tools to improve accessibility, Apple continues to lead by its values and make every product I express my values with this,” he commented. CFO Luca Maestri noted that the third quarter of 2022 was a 'challenging business environment,' and that the earnings release reflected the strength of Apple's ecosystem.

Apple's stock rose more than 3% in after-hours trading after its third-quarter earnings announcement exceeded analyst expectations.



iPhone sales in the third quarter increased by 3% year-on-year to $ 40.67 billion (about 5.47 trillion yen), significantly exceeding the analyst's forecast of a 2.8% decrease. In general, iPhone sales tend to increase after September, when new models are released, and then decline as time passes, but this earnings release shows that demand for the iPhone 13 series is in the latter half of the one-year cycle. shows that it is still strong.

According to Cook, Apple succeeded in attracting Android users to the iPhone this quarter. “We saw record levels of migrants and double-digit percentage growth in first-time iPhone users,” Cook said.

On the other hand, Mac sales were 7.38 billion dollars (about 990 billion yen), down 10% from the same period last year, and iPad sales were 7.22 billion dollars (about 970 billion yen), down 2% from the same period last year. It turned out. Cook claims that this is due to a shortage of parts supply and a strong dollar, and due to delays in shipping Macs due to parts shortages, the loss is slightly below the previously predicted $ 4 billion (about 540 billion yen). He said he left. Also, Apple

announced a new MacBook Air with an M2 chip in June, but it will start shipping in July. Other product categories, such as wearable devices such as Air Pods and Apple Watch and Home Pod speakers, saw sales of $ 8.08 billion (about 1.87 trillion yen), down 8% year-on-year.

Service sales, including subscriptions to apps distributed on Apple Music, iCloud, and the App Store, increased 12% year-on-year to $19.6 billion (about 2.63 trillion yen). While down compared to Q2 2022 revenue and year-over-year growth, Apple has reached 860 million paid subscriptions on its platform, and 160 million in the last 12 months. He claimed there were more.



in Mobile,   Web Service,   Hardware, Posted by log1h_ik