Apple wows with quarterly profit of 25 billion dollars
Created: 04/28/2022, 23:47
The iPhone group Apple was able to increase its sales.
© Sven Hoppe/dpa
Apple defies the global problems in the electronics industry with another mega quarter.
Cupertino – The iPhone group increased sales by nine percent year-on-year to $97.2 billion ($92.5 billion).
The bottom line was a profit of 25 billion dollars in the corporate coffers.
That was almost six percent more than a year earlier.
The growth in the service area was particularly strong, in which the business with storage services, the app platform, but also music and video streaming is bundled.
The division's sales grew by a good 17 percent to $19.8 billion.
With the most important Apple product, the iPhone, sales increased by 5.4 percent to almost 50.6 billion dollars.
The group was also pleased with the Mac computers with a sales increase of 14.6 percent to a good 10.4 billion dollars.
In contrast, the global PC market shrank by around five percent in the quarter, according to calculations by the analysis company IDC.
The electronics industry as a whole is struggling with chip bottlenecks and other problems in the supply chain.
more on the subject
Worries about the Ukraine war slow Snapchat's advertising business
Ways out of a crisis of meaning and burnout in Engelthal Abbey
Buffett joins HP with $4.2 billion
Apple clearly exceeded the expectations of analysts, including in group sales and in the iPhone and Mac business.
The share buyback program is now being expanded by an additional $90 billion.
The Apple share price rose by a good one percent in after-hours trading.
dpa
