Supply chain problems could cost Apple $8 billion
Big Tech giant Apple has just released its financial report for the first quarter of 2022 with revenue growth of nearly 9% compared to the same period last year. This has shown Apple’s positive business results after the corporation successfully eased investors’ worries about the macroeconomic situation – which is believed to have a negative impact on demand. high-end smartphones and computers.
Still, Apple’s stock price fell nearly 4% during trading on April 28 after Chief Financial Officer Luca Maestri warned of several challenges in the current quarter, including related supply constraints. to the COVID-19 epidemic, especially in the context that China – a country with many large production centers is applying the strictest blockade measures ever. This could impact Apple’s revenue from $4 billion to $8 billion.
The Apple representative said that supply difficulties only started at the end of March, so the first quarter of 2022 business activities will not be affected much. Apple revenue rose 8.6% to a record $97.3 billion.
“Challenges are inevitable, but we believe in our team, products, services and strategy,” said CEO Tim Cook.
Macbook high-end computer revenue continues to revive, reaching $ 10.4 billion in the first quarter of 2022
The proof is that revenue from the smartphone product line reached $50.57 billion, up 5.5% year-on-year. This number surpassed even the forecast of $ 19.72 billion that data company Refinitiv made earlier.
In addition, revenue from services and other Apple products in the first quarter also increased by more than 17% and 12% respectively. These two numbers are not too different from experts’ expectations.
According to Tim Cook, one of the driving forces behind iPhone sales comes from a change in consumer mindset. They had an Android phone but decided to switch to an iPhone.
“We hit a record for the number of people upgrading their phones in the quarter. The number of users switching to iPhone also increased sharply,” said Tim Cook.
This report shows that Apple’s premium smartphone business has been immune to the general decline in consumer confidence. Revenue growth also took place despite the previous iPhone 13 launch plan facing many difficulties due to the pandemic.
Apple’s stock price fell nearly 4% during trading on April 28 after Chief Financial Officer Luca Maestri warned of some challenges.
Elsewhere, sales of high-end Macbook computers continued to revive, reaching $ 10.4 billion in the first quarter. Previously, Apple had launched a new product line called Mac Studio but supply disruptions. making production and transportation more or less affected. Therefore, the increase in Macbook sales is mainly attributed to the new MacBook Pro line, although it is also facing a limited supply situation.
Meanwhile, iPad products only brought Apple 7.65 billion USD in revenue, down 2.1% from the previous quarter, as this has always been one of Apple’s least profitable segments. Some even complain that the iPad’s software features don’t keep up with the hardware’s speed. Some other products such as Apple Watch, Apple TV, HomePod mini or AirPods also missed estimated revenue.
“During the pandemic, there was a time when we had to close some factories. Some businesses are affected accordingly,” Apple CFO Luca Maestri shared.
at Blogtuan.info – Source: genk.vn – Read the original article here
