Apple reports Q1 2022 FY results

During the investor call, Apple reported record-setting results with 11% revenue growth, iPhone taking significant growth in various markets.

Apple estimates 1.8 billion active devices across the world. Might cross 2 billion this year. This includes iPhones, iPads, iPod Touches, Apple Watches, Macs and Apple TVs. Individual breakdown for device types was not given though.

Mac sales grew 25% YoY (mostly Apple Silicon), while iPad sales went down 14%. Notably, services show significant grow – 24% YoY.

Apple expects supply chain constraints to be improved in spring.

Topic of "metaverse" was discussed during investor call, no specific details was given though. Tim Cook mentioned that Apple always explores new opportunities and provided estimates on ARKit apps in App Store.

Apple Newsroom: Apple Reports First Quarter Results


Apple sets up Apple’s Small Developer Assistance Fund

During court hearings Apple agrees to create Small Developer Assistance Fund which provides financial aid for developers in US.

Eligible developers will be able to receive a payment between $250 and $30,000 from Apple depending on their total App Store earnings between June 4, 2015 and April 26, 2021, as outlined in the chart below from the settlement filing.