Apple (AAPL) reported its Q2 2022 earnings after the bell Thursday, beating analysts expectations on the highest and backside line and recording document income regardless of continued provide chain disruptions.
Listed here are crucial numbers from the report in comparison with what Wall Avenue was anticipating, as compiled by Bloomberg.
Income: $97.3 billion versus $93.98 billion anticipated
Adjusted EPS: $1.52 versus $1.42 anticipated
iPhone income: $50.57 billion versus $49.16 billion anticipated
Mac income: $10.44 billion versus $9.23 billion anticipated
iPad income: $7.65 billion anticipated $7.19 billion anticipated
Wearables income: $8.81 billion versus $8.98 billion anticipated
Companies income: $19.82 billion versus $19.78 billion anticipated
Apple shares have been principally flat following the report.
“This quarter’s document outcomes are a testomony to Apple’s relentless deal with innovation and our capacity to create the perfect services on this planet,” Apple CEO Tim Cook dinner mentioned in a press release.
“We’re delighted to see the sturdy buyer response to our new merchandise, in addition to the progress we’re making to change into carbon impartial throughout our provide chain and our merchandise by 2030. We’re dedicated, as ever, to being a power for good on this planet — each in what we create and what we go away behind,” Cook dinner mentioned.
Apple’s report comes amid a blended bag of tech earnings during which corporations like Netflix (NFLX) and Meta (FB) have fallen wanting expectations, whereas corporations like Microsoft (MSFT) managed to surpass Wall Avenue estimates.
Apple largely prevented falling sufferer to provide chain disruptions all through the pandemic. In Q1, the corporate smashed Wall Avenue expectations, although CEO Tim Cook dinner did say provide chain issues negatively impacted iPad availability. CFO Luca Maestri, in the meantime, indicated that the iPhone and Mac product traces have been additionally coping with provide chain points.
Past its quarterly efficiency, Apple continues to deal with regulatory strain associated to its App Retailer each within the U.S. and overseas. The European Union is rolling out new laws that might power Apple to permit app builders to supply their very own fee strategies by way of their apps, which may affect the corporate’s Companies enterprise.
The U.S. can be contemplating comparable laws, although Congress is way additional behind within the technique of placing the proposed regulation into impact.
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