Apple beats negative forecasts in a quarter in which the market proved to be complicated

Deepak Gupta July 28, 2022
Updated 2022/07/28 at 10:23 PM

The quarterly results of the big tech companies have been much lower than expected and Apple was expected to follow part of this trend. There are still many restrictions in distribution chains and the market has reacted abnormally.

The doubt has now been clarified and Apple’s results have surpassed all predictions. The Cupertino giant was not oblivious to all the problems, but still managed to show growth and beat another record in a quarter.

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It was not long ago that Apple announced the financial results of the third fiscal quarter of 2022, which ended on June 25, 2022. The company posted record revenue in the June quarter of 2022. 83 billion dollarsan increase of 2% year on year.

In the field of profits, Apple revealed that these were left for 19.4 billion dollars. This represents a drop of almost 10%, which turns out to be a positive thing, as the drop is expected to be much steeper.

Apple market quarter results

In a more practical aspect, Apple revealed that the iPhone increased its revenues by about 3%, reaching the 40.67 billion dollars. This is yet another example of Apple's good figures for the quarter, having exceeded expectations.

Another area that had a positive performance in the quarter was Services, which has had very high results over the last few quarters. It has now reached the 19.6 billion dollarswhich represents an increase of 12%, slightly below expectations.

Apple market quarter results

On the less positive side of Apple's quarterly numbers are a few areas. Here we have Mac computers, which dropped 10% to 7.38 billion and the iPad, which dropped 2% to 7.22 billion. The "Other Products" category, which includes the Apple Watch and AirPods, dropped 8% to 8.08 billion. In the case of the Mac and iPad, logistical problems meant that there was not enough equipment to meet demand, which led to the crash.

These figures revealed by Tim Cook, Apple's CEO, during the presentation revealed a lot about the company's last quarter. During that conference, Apple's top representative highlighted the difficult time that the market is going through, even with the good results revealed.

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