Apple recorded Single Digit Growth in 2022 Q2

Apple (NASDAQ: AAPL) announced 2022 Q2 financial results on May 28, 2022. According to the announcement, net sales, operating income and net income were up 9%, 9% and 6%, respectively (YoY, 3 months). In addition, diluted EPS was increased by 9%. Sales of Products were up 7%, while sales of services were up 17%. In this regard, the sales of services accounts for 20% of the net sales.

Looking by region, the Americas showed the highest growth of up 19%, followed by Europe of up 5%. Sales in the Asia Pacific, excluding Japan, China and the Americas, were down 7%.

As for the sales of each product, Mac showed the highest growth of up 15%, followed by wearable, home and accessories of up 12%. In recent years, Mac has been equipped with the Apple M1 chip developed in-house, and its performance has improved significantly. Macs are particularly popular with creators, and we believe that the high growth potential of sales of Mac were driven by such strong demands.

A decorative image. A photo of Mac book.
Photo by Wes Hicks on Unsplash

In the recent inflationary environment, Apple, which focuses on product sales, has been struggling, but the service segment shows steady growth.  If the service segment continues to perform well, Apple’s earnings structure may be further stabilized. 

Apple Inc. (NASDAQ: AAPL) Stock Chart

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  1. Watanabe & Brothers’ Investment is holding shares of Apple. 
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  3. Any opinions or statements expressed in this report are based on the author’s personal and subjective views, and are not the official views of the organization to which the author belongs.  In addition, although we have done our best efforts in making accurate assessments on the original financial statements, we cannot guarantee any complete accuracy of this report. We do not guarantee either that any future forecasts referred to in this report will certainly be realized. Investment in listed stocks, ETFs, etc. should be carried out under the responsibility of each investor, and even if the investor who read this report suffers a loss due to investment activities, Watanabe & Brothers’  Investment is not responsible for any liability.
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