{"id":34834,"date":"2022-01-29T14:33:11","date_gmt":"2022-01-29T19:33:11","guid":{"rendered":"https:\/\/mjtsai.com\/blog\/?p=34834"},"modified":"2022-01-29T14:38:17","modified_gmt":"2022-01-29T19:38:17","slug":"apples-q1-2022-results","status":"publish","type":"post","link":"https:\/\/mjtsai.com\/blog\/2022\/01\/29\/apples-q1-2022-results\/","title":{"rendered":"Apple’s Q1 2022 Results"},"content":{"rendered":"

Apple<\/a> (Hacker News<\/a>):<\/p>\n

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.<\/p><\/blockquote>\n\n

Jason Snell<\/a> (transcript<\/a>, also: John Voorhees<\/a>, Malcolm Owen<\/a>):<\/p>\n

Mac revenue also reached a new all-time high at $10.9 billion, and iPhone revenue also peaked at $71.6 billion. The iPad’s revenue was $7.2 billion, down sequentially and year-over-year, but still among the five best iPad quarters in recent years.<\/p>\n

Services kept its upward growth path, setting a new record at $19.5 billion, and Wearables\/Home\/Accessories likewise set a new record at $14.7 billion.<\/p><\/blockquote>\n\n

Services is second only to iPhone, despite Mac and Wearables both setting new records. I don’t like seeing that, since increasing Services revenue seems to be linked to so many bad incentives for Apple.<\/p>\n\n

John Gruber<\/a>:<\/p>\n

\n

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.<\/p>\n<\/blockquote>\n\n

Jeff Johnson<\/a>:<\/p>\n

There’s no conclusive evidence that M1 is a big sales driver for Mac. Sales of Intel Macs skyrocketed with the pandemic and WFH after a number of flat years.<\/p>

2021 Q2 was massive +YOY but the same as pre-M1 2020 Q4, which was the same as post-M1 2021 Q4. […] It appears though that the pandemic has somewhat disrupted traditional seasonal buying patterns. If you look at quarter-to-quarter comparisons instead, it’s even worse for M1.<\/p><\/blockquote>\n\n

Previously:<\/p>\n