Apple Reports Q1 2022 Results


Apple today announced financial results for its fiscal 2022 first quarter ended C 25, 2021. The Company posted an all-time revenue record of $123.9 billion, up 11 percent year over year, and quarterly earnings per diluted share of $2.10.

If record-breaking quarters can be boring, Apple’s recent results qualify. From Apple’s statements of operations for the quarter (PDF), the most interesting year-over-year change I noticed was the divergence between Mac and iPad net sales:

Q1 2022 Q1 2021
iPhone $71.63 $65.60
Mac $10.85 $8.68
iPad $7.25 $8.44
Wearables, Home, Accessories $14.70 $12.97
Services $19.52 $15.76
Total net sales $123.95 $111.44

Last year Mac and iPad were very close to even. This year, Mac sales were up 25%, and iPad down 14%. That’s not surprising given the hardware releases last year: a good but uneventful year for iPads vs. the single most transformative year for Mac hardware ever.

Thursday, 27 January 2022