Apple Earnings Call Transcripts: Apple CEO Tim Cook on the company's Q1 2022 earnings
Source: iMore
Apple CEO Tim Cook and CFO Luca Maestri spoke with analysts during the company's Q1 2022 earnings call. Here's our ongoing live transcript of their remarks! If you want some quick analysis on Apple's results, we recommend checking out these excellent charts from Six Colors.
Cook's opening remarks
Tim Cook
Thank you, Tajius, and good afternoon. Today we are proud to announce Apple's biggest quarter ever. Through the busy holiday season, we set an all time revenue record of nearly $124,000,000,000, up 11% from last year and better than we had expected at the beginning of the quarter, And we are pleased to see that our active install base of devices is now at a new record with more than 1.8 billion devices. We set all time records for both developed and emerging markets and saw revenue growth across all of our product categories except for iPad, which we said would be supply constrained. As expected, in the aggregate, we experienced supply constraints that were higher than the September quarter. Before I discuss our results in greater detail, I want to first acknowledge the toll that COVID continues to have on communities around the world. In many places, case counts are higher and health systems more strained than at any point throughout the pandemic. On behalf of all of us at Apple, I want to extend our deep gratitude to the scientists, doctors, nurses and so many others on the front lines of combating COVID-19. This is our 8th quarter reporting results in the shadow of the pandemic, and while I can't say it gets any easier, I can say I'm incredibly proud of the way our teams have come together and continue to innovate on behalf of our customers.
Cont'd.
LINK:
https://www.imore.com/apple-earnings-call-transcripts-q1-2022