Categories: Tech

Apple announces its third quarter 2022 report

Apple today announced the third quarter 2022 reportreporting revenue from 83 billion dollars and profits of 19.4 billion dollars. The result is just above analysts’ expectations three months ago, who on average expected returns of $ 82.81 billion.

Apple announces its third quarter 2022 report

Compared to last year, Apple increased its revenues slightly (it was 81.42 billion dollars) but recorded worse profits, since last year in the same period they were $ 21.74 billion. This is due to higher costs due to supply chain problems.

The growth in terms of sales is there in regards iPhone, which with collections of 40.67 billion dollars it grows by 3% compared to last year. Instead Mac and iPad go down respectively 10% (7.38 billion) and 1.9% (7.22 billion). Last year the numbers were higher also due to purchases for smart working and distance learning.

The sale of wearable devices also fell by 7.8% (8.08 billion dollars), while revenues related to Apple services by 12%, totaling 19.60 billion.

Tim Cook comments, “This quarter’s results speak of Apple’s ongoing commitment to innovate, advance new possibilities and enrich the lives of our consumers. As always, we lead with our values ​​and express them in everything we build. From the new functions that we design to protect the privacy of our users and their safety. Right down to the tools that improve accessibility, part of our long-standing commitment to creating products for everyone ”.

And the CFO Luca Maestri points out, “During the quarter, we generated approximately $ 23 billion in operating cash and returns over $ 28 billion to our investorsand we continue to invest in our long-term growth plans ”.

Find more information on Apple’s financial performance on the official website.

Published by
Walker Ronnie

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