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Apple Reports 2% Quarterly Growth; services was the fastest growing segment

  • July 30, 2022
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Last Thursday (28) Apple announced its financial results for the third quarter of 2022. Apple ended the quarter up 2%, with 83 billion US dollars. O The service

Last Thursday (28) Apple announced its financial results for the third quarter of 2022. Apple ended the quarter up 2%, with 83 billion US dollars. O The service segment, which includes Apple Music, iCloud, and AppleCare+, grew the most, at 12%.. The iPhone segment grew by 3%, while the MAC recorded a 10% drop.

Although the company grew by 36% in the third quarter of 2021, we cannot consider the results of 2022 to be poor. After all, Apple has managed to maintain its growth even in the current global economic situation that puts pressure on companies in the technology sector.

Despite the recession, Apple is growing

Apple lighting website SixColors has produced a set of charts that show the company’s financial results from 2018 to 2022 in more detail. Below you can see how 2021 was a record growth year for the apple giant, but that the company still managed to cut earnings growth: 11% in the first quarter of 2022, 9% in the second quarter and now 2% in the third quarter.

On the other hand, we can also see how negative variance 10% of the MAC segment influenced the growth of the manufacturer. In the second half of 2021, when Apple achieved a record growth of 54%, the MAC sector saw a significant growth of 70% over the same period. Pointing out the relationship between the two moments of the company.

In any case, Q4 2022 expectations are for the company to record its first drop since 2019. With revenue declining, everything seems to indicate that at the end of 2022, Apple should close the year with a slight drop. in sales last quarter. However, the reduction should not be very pronounced, so as not to affect the excellent results that the company has achieved in recent years.

Source: 9to5mac, Arstechnika, Six colors.

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Source: Mundo Conectado

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