Tonight (here in the UK, or this afternoon in the US), Apple will present its latest quarterly report. This time we will learn how sales of the company’s hardware, software and services fared in Q1 2022, which covers the last three months of the calendar year 2021.
According to the
Reuters news agency, analysts expect Apple to present the strongest report in its almost 46-year history, despite the continuing negative effects of the pandemic and the chip shortage. Those factors haven’t appeared to slow down the company so far – it
smashed records in its Q4 report three months ago – but there was a fear that
delays and shortages would bite hard over the Christmas period.
But Apple seems to have coped with the logistical difficulties. Wall Street analysts expect revenue in Q1 2022 to reach $118.7bn (roughly £88bn), compared with $111.4bn for the corresponding period
a year earlier – which was itself a record-breaking performance, and 21% up on Q1 2020.
The forecast is mainly due to unexpectedly high demand for the
iPhone 13, but there are also signs that other products sold better than forecast during the Christmas shopping season.
The company is also doing well outside its home market.
“We expect Apple to reach its highest market share in China since Apple entered the market in 2008,” said analyst Nicole Peng of Canalys.
This article originally appeared on
Macworld Sweden. Translation (using
DeepL) and additional reporting by David Price.