Most tech companies had disappointing financial results. THE apple seems to be an exception. In the balance sheet released this Thursday (27), the manufacturer of iPhone exceeded expectations and practically repeated the net income of the same quarter of 2021. The strong numbers in the sale of macs were the highlight, but not everything was perfect for the apple.
Apple’s net income went from $20.551 billion for the quarter ended September 25, 2021 to $20.721 billion for the same period in 2022.
That translates to $1.29 in earnings per share, up from $1.27, as market analysts predicted.
The numbers were driven by strong growth in Mac sales.
The segment posted $11.51 billion in revenue, up from $9.178 billion in the same quarter in 2021 — up 25%.
The market expected $9.36 billion, and the company far exceeded it.
Market expected more from iPhones and iPads
Despite these great numbers, some were below expectations. The main one is the billing of iPhones, the company’s main product.
Apple received $42.63 billion from the sale of its smartphones, a 9.67% growth over 2021. Even so, estimates were $43.21 billion.
The iPads were another disappointment. In the third quarter of 2021, revenue from this category was $8.252 billion.
The market expected a drop to US$ 7.94 billion, but the drop was even greater: US$ 7.17 billion, a drop of 13.06% from one year to the next.
With information: Reuters, CNBC
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