Apple lost nearly $40 billion in the first quarter due to a lack of cores

On January 28, Apple released the results of the first fiscal quarter of fiscal 2022. Apple's fiscal first-quarter net revenue was $123.945 billion, the highest single-quarter revenue ever recorded, up 11% from $111.439 billion in the same period last year; and net profit was $34.630 billion, up 20% from $28.755 billion in the same period last year. Apple's CFO said "very severe supply constraints" had led to a shortage of iPads, supply

Edited by the Institute of Core Research

The chain issues were primarily due to chip shortages in older models; supply chain issues eased in the quarter due to continued collaboration with suppliers; and supply chain issues resulted in losses of more than $6 billion in the quarter, in line with the guidelines. It also said it expects this quarter to set a record for march quarterly revenue.

Apple's first-quarter iPad revenue was $7.25 billion, down 14 percent year-over-year, and analysts expected $8.11 billion, the report showed. In contrast, iPhone revenue in the first quarter was $71.63 billion, and the market expected $67.74 billion, an increase of 9.2% year-on-year; Mac revenue was $10.85 billion, analysts expected $9.53 billion, an increase of 25% year-on-year; product revenue was $104.43 billion, and analysts expected $99.30 billion.

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