Apple of Cupertino has just presented the financial report for the first fiscal quarter of 2022 (Q1 FY 2022), a period that corresponded to the fourth calendar quarter of last year, covering the months of October to December. New releases such as the iPad mini 6, MacBooks with Apple M1 Pro / Max and the various models of iPhone 13 were the stars of the holidays, including in Asia.
Tim Cook and the latest iMacs to date (credit: 9 to 5 Mac) Let’s get to the numbers: APPLE FINANCIAL REPORT Period → Q1 FY 2021
(October to December 2020) Q1 FY 2022
(October to December 2021) Difference Revenue $111.44 billion $123.94 billion + 11.22% Profit $28.76 billion $34.63 billion + 20.43% What Apple just finished release this Thursday (27/01) was the main financial data for the three months ending December 25, 2021. Uncle Laguna wonders when the company’s accounting will include days absent to coincide with the calendar quarter (I know ). Anyway, this period was the first quarter of Apple Cupertino’s 2022 fiscal year and was strongly influenced by the company’s main 2021 releases. Based on the figures released, we can see that Apple earned an average of US$ 380.55 million daily in the 13 weeks that make up the period disclosed, earning a total of US$ 1.36 billion per day. It is a daily collection “slightly” higher than the equivalent period of 2020, representing an increase of 11.22% compared to that period last year. Let’s look at how much each major Apple product line grossed: APPLE REVENUE SUMMARY Period → Revenue
Q1 FY 2021 Revenue
Q1 FY 2022 difference
Q1 FY 2021 iPhone $65.6 billion $71.63 billion + 8.42% Mac $8.68 billion $10.85 billion + 25.1% iPad $8.44 billion $7, 25 billion – 14.1% wearables and accessories US$ 12.97 billion US$ 14.7 billion + 13.3% subscriptions US$ 15.76 billion US$ 19.52 billion + 23.8%
US$ 111.44 billion US$ 123.94 billion + 11.22% It is interesting to note how the launch of MacBooks with Apple M1 Pro / Max chips may have had a lot of influence on the rise in revenue in that segment: many professionals want to test the high performance graphic and centerpiece promised by Apple of Cupertino, even if they pay (well) more. Still, the sector was not responsible for even 10% of the total revenue in Q1 FY 2022. I remember that Apple always prioritized the iPhone over the iPad. Thus, we can explain the negative growth in the global revenue of the company’s tablets with the semiconductor crisis: Apple of Cupertino must have postponed the deliveries of the new iPads as much as possible to guarantee the supply of the company’s flagship without major problems to markets such as Asian, for example.
The 13% advance in Asia
APPLE’S REVENUES IN ASIA Period → Revenue
Q1 FY 2021 Revenue
Q1 FY 2022 difference
Q1 FY 2021 Mainland China $21.31 billion $25.78 billion + 20.97% Japan $8.28 billion $7.11 billion – 14.22% Mainland Rest $8.22 billion US $9.81 billion + 19.27%
US$ 37.82 billion US$ 42.7 billion + 12.89% global share 33.94% 34.45% + 1.5% The Asian continent alone was responsible for raising US$ 42.7 billion in the fourth quarter calendar quarter of 2021, that is: it gave 34.4% of the global collection of the final quarter of last year. Apple’s revenue in Asia saw a 12.89% increase in Q1 FY 2022 compared to the equivalent period in 2020 ($37.8 billion in Q1 FY 2021). Apple’s Japanese market saw its revenue shrink 14.2%; from US$ 8.3 billion to US$ 7.1 billion. Meanwhile, in China, the situation was different: the receipt of the Cupertino Apple grew 21%, reaching US$ 25.8 billion. Such revenue represented 60.4% of Apple in Asia as a whole and was basically half that of the American continent (US$ 51.5 billion). As the $2.6 trillion Apple no longer discloses unit sales data for its products, let alone how much they are selling in each region of the planet, we can only say that Apple is doing very well in Asia. Sources: 9 to 5 Mac and Bloomberg.