News & Analysis

Apple exceeds Wall Street expectations

29 April 2022 By Klavs Valters


Apple Inc. reported financial results for its fiscal 2022 second quarter after the closing bell on Wall Street on Thursday. World’s largest company beat both revenue and earnings per share estimates.

Total revenue reported at $97.278 billion in the quarter (a 9% percent year-over-year) vs. $94.034 billion expected.

Earnings per share at $1.52 per share vs. $1.42 per share expected.

”This quarter’s record results are a testament to Apple’s relentless focus on innovation and our ability to create the best products and services in the world,” Apple’s CEO, Tim Cook commented on the latest results.

”We are delighted to see the strong customer response to our new products, as well as the progress we’re making to become carbon neutral across our supply chain and our products by 2030. We are committed, as ever, to being a force for good in the world — both in what we create and what we leave behind,” Cook added.

The company also announced cash dividend of $0.23 per share.

Apple Inc. chart

Shares of Apple were up by 4.52% at the end of the trading day on Thursday at $163.58 a share. The stock fell by around 3% in the after-hours trading following the latest financial results.

Here is how the stock has performed in the past year:

  • 1 Month -6.28%
  • 3 Month +2.78%
  • Year-to-date -7.84%
  • 1 Year +22.60%

Apple’s price targets

  • Barclays: $170
  • Credit Suisse: $168
  • Deutsche Bank: $210
  • Morgan Stanley: $210
  • UBS: $185
  • Wells Fargo: $205

Apple Inc. has a total market cap of $2.670 trillion.

You can trade Apple Inc. (AAPL) and many other stocks from the NYSE, NASDAQ, HKEX and the ASX with GO Markets as a Share CFD.

Sources: Apple Inc., TradingView, CompaniesMarketCap

Ready to start trading?

Disclaimer: Articles are from GO Markets analysts and contributors and are based on their independent analysis or personal experiences. Views, opinions or trading styles expressed are their own, and should not be taken as either representative of or shared by GO Markets. Advice, if any, is of a ‘general’ nature and not based on your personal objectives, financial situation or needs. Consider how appropriate the advice, if any, is to your objectives, financial situation and needs, before acting on the advice. If the advice relates to acquiring a particular financial product, you should obtain and consider the Product Disclosure Statement (PDS) and Financial Services Guide (FSG) for that product before making any decisions.