Despite component supply problems, sharply rising inflation and conflict in Eastern Europe, Apple announces a strong second quarter, with record sales and results beyond estimates , even if profits drop a bit.
2022, Apple's best second quarter ever
Apple thus recorded a turnover of 83 billion dollars in the second quarter of 2022, an increase compared to 81.4 billion last year at the same period. Profits declined from 21.7 to 19.4 billion.
iPhone and Apple services on the rise
iPhone sales represent the largest share - almost half - of Apple's turnover, with 40.7 billion, or 2.8% better than in 2021. As for services -iTunes, App Store, Mac App Store, Apple Music, Apple Pay, Apple TV+, Apple Arcade, and Apple News+ - they are in second place with 19.6 billion, or 12% better.
According to Apple CEO Tim Cook, the impact of delivery constraints due to the resumption of the pandemic in Asia and component shortages has been less severe than estimated. He expects a gradual lifting of these obstacles and an acceleration of growth for the next quarter. Illustration: Statista