Apple Inc (AAPL) Q1 2022 (USD): EPS 2.10 (exp. 1.89), Revenue 123.95bln (exp. 118.66bln)

• Ipad: 7.25bln (exp. 8.18bln)


• Iphone: 71.63bln (exp. 68.34bln)


• Mac: 10.85bln (exp. 9.51bln)


• Services: 19.52bln (exp. 18.61bln)


• Greater China net sales 25.78bln (prev. 21.31bln Y/Y)


• CFO says very significant supply chain constraints led to iPad shortages.


• Easing of supply chain issues in current quarter due to ongoing work with suppliers.


• Expects less supply issues in current quarter.


• Chip issues primarily chip shortages for older product models.


• Supply chain issues cost more than USD 6bln in quarter.


• Expects to set March quarter revenue record for current quarter.

Via businesswire

Reaction details (21:37)

• Co. shares are up 2.1% after-hours after a strong quarter and iPhone revenue while its remarks around the supply chain are encouraging. 

Analysis details (21:30)

INDEX WEIGHT:

• 7.0% SPX weight


• 15.0% NDX weight


• 3.1% Dow weight


• Sector/Industry: Information Technology/Technology Hardware, Storage & Peripherals

BROKER RATING:

• Avg Rating: 'Buy'


• Avg Price Target: USD 180.94


• Price Target Changes (last 30 days): 6 upward vs 5 downward

27 Jan 2022 - 21:30- Equities- Source: businesswire