Cupertino-based giant Apple has announced an all-time high revenue record of $123.9 billion, up 11 percent year-on-year for Q1 2022. In an earnings call, Apple CEO Tim Cook announced that the company had made record-breaking results. made possible by our innovative product and services lineup. Cook also told investors that the company set all-time records for both developed and emerging markets and saw revenue growth across all product categories except the iPad.
Apple’s revenue growth was driven by record quarters for iPhone and Mac computers. However, the company’s CEO said that the company’s popular tablet, the iPad, is still “supply constrained.” However, he added that the iPad was still higher than last quarter and added that there are signs of improvement and will appear around March. , It was the eighth quarter since the pandemic began, and Cook said he was proud of how Apple’s teams have continued to remain innovative. “This quarter’s record results were made possible by our most innovative lineup of products and services to date,” an official blog post quoted the Apple CEO as saying. Apple’s CFO, Luca Maestri, said, “Very strong customer response to our recent launches of new products and services drove double-digit growth in revenue and earnings, and helped set an all-time high for our installed base of Active Of.”
Following the results, Apple’s board of directors declared a cash dividend of $0.22 per share of the company’s common stock. It will be paid to the investors on February 10, 2022.
Cook also pointed out in his earnings call with investors that the company’s impressive results come despite chip shortages across the industry. He said that Apple still managed to get the product to customers who really wanted it and tried to do so rapidly.
Separately, the reports reflect the growth of Apple in the smartphone market globally. Recently, a report indicated that the company reclaimed the top spot in the Chinese market after six years, another Counterpoint report said that Apple’s global smartphone shipments grew by 18 percent annually, Which is 238 million units driven by growth in US, Europe. , India and China.
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