Categories: Tech

Apple: record second quarter 2022? Wall Street estimates

Apple is about to present i financial results for the second quarter of fiscal year 2022 and Wall Street expects record numbers. On average, analysts expect Apple to set a new record for the March quarter, with revenue of 93.9 billion dollars. This revenue growth is expected to come from the sale of iPhones, Macs, services and wearables, while iPad revenue is expected to come as relatively flat.

Apple: record earnings for the second quarter of 2022?

Apple’s second quarter runs from December 26 to March 26, following the company’s fiscal calendar. During this time, the company launched its brand new Mac Studio and Studio Display desktop computer, 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 announce its earnings results at 10:30 pm this evening and will be attended by Apple CEO Tim Cook and CFO Luca Maestri, who will discuss the results in a conference call. Profits will most likely be record-breaking, given the number of launches the company has had in the period, and could set a new earnings record.

Here are the data relating to the past years:

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

To know the truth, it will be enough to wait a few more hours, and the apple company could even exceed analysts’ forecasts, even if the war in Ukraine may have impacted on sales over the last month.

Published by
Walker Ronnie

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