Apple continues to show strong quarterly results. It is quite difficult to find any weak points in the recent report. However, according to the established tradition, the share price still decreased, this time by 3.5% after the release of the financial report.
The recent quarter was the most impressive in a long time. Of course, if you do not take into account the festive periods of 2020-2021. Apple managed to show revenue growth above expectations for each segment. The analytical agency Canalys published a study according to which the volume of iPhone shipments increased by only 1% in the second quarter, which caused skepticism regarding the results of the division. However, in fact, the final iPhone sales for the period were 14.5% higher than the forecast values and 49.8% higher than last year's figures.
Another positive point is that revenue in China increased by 58.2%, which is not surprising in general, given the spread of 5G technology in the country. It seems that Apple has finally managed to make progress in the Far Eastern direction.
From the negative, it is worth highlighting the forecast for the next quarter. There are no specific figures, but at the presentation it was announced that Apple is waiting for a double-digit revenue growth, but still smaller than in the reporting period (+36%). The company should consider further steps for the development of the product line in order to remain relevant. In addition, there is a question about Apple's ability to offer current innovations for the iPhone 13, whose launch may be postponed again, as it was with the iPhone 12.