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Congrats AAPL holders: total earnings blowout


jiggubhai

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Apple reported record sales in the holiday quarter, beating estimates as it benefited from high iPhone demand in China and withstood constraints caused by supply chain disruptions and the Omicron variant.

Apple’s CEO, Tim Cook, had warned in October that chip shortages were affecting the manufacturing of most Apple products and could lead to over $6bn in lost sales. But on Thursday, the company celebrated a successful quarter in a call with investors.

 

“Despite the uncertainty of the world, there is one thing of which I am certain: Apple will continue to improve every day and in every way to deliver on the promise of technology at its best,” he said.

Reporting its first quarter earnings of 2022, the company said that it made an all-time record revenue of $123.9bn, 11% up from last year and higher than analysts’ average estimate of $118.7bn

 

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