Mac was the fastest growing hardware product too
(ref: https://www.cnbc.com/2022/04/28/apple-aapl-earnings-q2-2022....)
Btw, the repurchase program just got way bigger:
> The board of directors has also authorized an increase of $90 billion to the existing share repurchase program.
Is the "Services" category under Net Sales where they're sticking the app store/B2B service revenue (ads, payments)?
And yet, the stock goes down. Market expectation is truly unpredictable. FB missed revenue expectation and went up.
Net sales: $97 billion
Operating income: $30 billion
Net income: $25 billion
Net sales by category in millions -
iPhone : $50,570
Mac: $10,435
iPad: $7,646
Wearables, Home and Accessories: $8,806
Services: $19,821
"Apple Reports Second Quarter Results Revenue up 9 percent to new March quarter record
Services revenue reaches new all-time high"
For anyone like me who didn't want to actually have to go a read them :D
Revenue: B$97.3, up 9% EPS: $1.52 Operating Cashflow: B$28 Returned B$27 to shareholder (buybacks, dividends I assume?)
Ah:
Divided: $0.23/share Share pepurchase fund increase: B$90
These earnings are insane! Check out the P/E of the stock tomorrow even after it goes up at the open, the stock is still a steal at this price.
> its fiscal 2022 second quarter ended March 26, 2022.
Apple's 2022Q1 is completely in 2021?
I am simply amazed by how much money this company makes. Nice boost to Mac business with the new Macbook Pros selling like hotcakes and OOS constantly.
I've ordered a new macbook 14" in early March, my delivery date slipped twice already, now it says it's going to be delivered in July. I wonder how much more money would they make if not for supply issues.
The Watch, Mac and iPhone are doing great but the iPad lacks ambition and doesn't seem to have a direction. Who is in charge of the iPad division at Apple?
What an amazing company!
I’m not surprised that the iPad has a decline. My son has a few year old 9.7” iPad and it works great still. Consume media very easily and even have games. I can notice the difference between it and my 2018 iPad Pro but I could see people are just not going buy new ones every year or two. I’d like the M1 iPad Pro but it’s not worth the jump in price.