Q1 2022 Financial Conference: 1.8 billion active Apple devices and counting

On the sidelines of the first quarter 2022 financial conference, which set new records for the company, Tim Cook and Luca Maestri made some interesting statements and shared various data.

Net iPhone sales jumped to $71.6 billion for the quarter from $65.6 billion in the quarter a year ago. Mac sales rose more than 2.2 billion to a total of $10.8 billion, while iPad sales fell about 1.2 billion to a total of $7.2 billion dollars due to supply constraints.

Apple’s wearable segment grew to $14.7 billion from $13.0 billion in the year-ago quarter. Services rose about $3.8 billion to $19.5 billion in the holiday quarter of 2021.

“Record results this quarter were made possible by our most innovative suite of products and services to date”, said Tim Cook. “We are delighted to see the response from customers around the world at a time when staying in touch has never been more important”.

“Strong customer response to our recent launch of new products and services led to double-digit revenue and profit growth and helped set an all-time high for our global active device base”, said Luca Maestri, chief financial officer of Apple. “These record operating results enabled us to return nearly $27 billion to our shareholders during the quarter as we maintain our goal of achieving net cash over time.”.

Here are the most interesting ideas on the sidelines of the conference:

  • Apple stock jumped after earnings release, hitting $167.20 yesterday
  • Worldwide, 1.8 billion Apple devices are used and active
  • Supply constraints in the holiday quarter were worse than the previous quarter
  • The App Store paid out $260 billion to developers. 2021 set a new record for developer revenue
  • The vast majority of Mac sales are Apple Silicon
  • Half of iPad buyers in the quarter had never bought an Apple tablet in the past
  • 2/3 of Apple Watch buyers in the quarter had never purchased an Apple smartwatch in the past
  • Paid subscriptions reached over 785 million total units, up 165 million in the last 12 months
  • Apple earned 10% more in the holiday quarter than in 2011
  • Tim Cook has confirmed high demand for the entire iPhone 13 family
  • Apple still does not know if the supply of components in the coming months will allow it to offer the number of iPads requested by users.
  • No data on the number of Apple TV + subscribers, with Tim Cook who prefers to reiterate the many awards received by the platform’s original content

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