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- - Source: businesswire
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