How is Apple doing financially?

How is Apple doing financially?

CUPERTINO, California April 28, 2022 Apple today announced financial results for its fiscal 2022 second quarter ended March 26, 2022. The Company posted a March quarter revenue record of $97.3 billion, up 9 percent year over year, and quarterly earnings per diluted share of $1.52.

Does Apple have annual reports?

Most Recent Annual Report Click the button below to request a report when hardcopies become available.

What was Apple’s interest expense in 2021?

PRE MARKET Vol 24,439

Fiscal year is October-September. All values USD Millions. 2021 2020
Equity in Affiliates (Pretax)
Interest Expense 2,645 2,873
Interest Expense Growth -7.94% -19.66%
Gross Interest Expense 2,645 2,873

What is Apple’s current profitability?

Apple reported net income of 94.68 billion U.S. dollars in its 2021 fiscal year, the highest net income to date. Apple’s global revenue rose to 365.82 billion U.S. dollars in that same year.

Why did Apple do so well in 2021?

Fueled by the launch of new products, Apple’s revenue surged an impressive 33% in 2021 from a base of $275 billion in 2020. That 33% revenue growth represented $91 billion more in sales year over year.

Can Apple continue to grow?

Apple’s market share growth last year was a result of the company’s dominant position in the 5G smartphone market. That’s good news for the company, as 5G smartphone adoption is expected to increase in the coming years. Sales of 5G devices are expected to jump from $105 billion last year to nearly $664 billion in 2030.

Is Apple financially successful?

Apple announced its first-quarter earnings on Thursday, and the results were, well, very good. So good, in fact, that it was the most profitable quarter, ever. And, not just for Apple. The iPhone-maker just had the best quarter of any company, reporting $123.9 billion in revenue, and $34.6 billion in profit.

Is Apple profiting?

CUPERTINO, California January 27, 2022 Apple today announced financial results for its fiscal 2022 first quarter ended December 25, 2021. The Company posted an all-time revenue record of $123.9 billion, up 11 percent year over year, and quarterly earnings per diluted share of $2.10.

Is Apple a safe stock to invest in?

Apple is a historically solid investment and has made many early investors very wealthy. Those who are considering buying the stock at this point, however, need to understand that it cannot replicate the gains it made in the early years.

Is it better to invest in Apple or Microsoft?

Our analysts think Microsoft’s cash flow uncertainty is medium while Apple’s uncertainty is high. Microsoft wins for its lower uncertainty because we’re more confident in our fair value estimate of that stock. The Morningstar Economic Moat Rating represents a company’s maintainable competitive advantage.