Market Updates
Apple Reports Record Sales, iPhone Sales Rise 9%
Scott Peters
28 Apr, 2022
New York City
Apple Inc reported first quarter 2022 sales increased 11.7% to $124 billion from $111.4 billion a year ago.
Net income in the period rose 21% to $34.6 billion from $28.7billion and diluted earnings per share increased to $2.10 from $1.68 a year ago.
By geography, sales in the Americas rose 11% to $51.5 billion from $46.3 billion, in Europe rose 9% to $29.7 billion, in Greater China increased 7% to $25.8 billion, in Japan declined 13.4% to $7.1 billion. and in the rest of Asia Pacific increased 20% to $9.8 billion.
iPhone sales jumped 9% to $71.6 billion.
Mac sales increased t22% to $10.8 billion from $8.8 billion.
iPad sales decreased to $7.2 billion from $8.4 billion.
Wearables and Home and accessories sales rose 13.9% to $14.7 billion.
Services sales increased 24% to $19.5 billion.
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