Q1 2022 Earnings Call Insights from the tech giant's earnings

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ashraf3545
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Joined: Wed Jan 04, 2023 6:45 am

Q1 2022 Earnings Call Insights from the tech giant's earnings

Post by ashraf3545 » Wed Jan 04, 2023 7:03 am

On a quarterly basis the world's biggest companies like Google, Microsoft and Apple pretty much tell you what to do to succeed on their platforms. This is because these companies are publicly listed on the stock market, which means that they must demonstrate their financial results to the public. In the case of Apple, this process is done through something called a “ conference call ”, where its shareholders and partners discuss with market analysts with a retrospective of the last few months, presenting their strategies and explaining their results, mistakes, successes and next steps.

Despite some problems and difficulties that Big Techs have been going through this year, Apple Inc. managed to achieve results that exceeded expectations in this fiscal second quarter in the US, surprising investors and market Email Data forecasts in general. Index: [ Show ] Apple Inc Q2 Results and Metrics. The company's performance turned out to be satisfactory compared to the scenario of other technology companies, which have been affected by supply chain crises, high interest rates and the effects of inflation.

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The company reported revenue of $97.28 billion in 2022, with about $25 billion in profit and $1.52 per diluted share dividend, higher than analysts expected, which had forecast revenue of $93. .89 billion according to Refinitiv analysis. Compared to the same period last year, the company achieved around 8% more revenue and net profits. chart showing apple's quarterly revenue and net income from 2013 to 2022 (Pictured: Apple's quarterly revenue and net income from 2013 to 2022 (Credit: Apple Insider) The main factor for the good results that the company presented.

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