Apple has announced record revenue and profit during its fiscal Q1 2022. Despite all the concerns about the hardware shortage in the global market, the company reported 11% growth year-over-year. In direct opposition, Huawei this week announced two new smartphones that ended up reflecting the manufacturer’s desperation to stay in the market.
And before we move on to the best and worst of the past seven days, check out some of NextPit’s top headlines from the past week below:
Winner of the week: Apple keeps crushing the market
Anyone who has decided to buy Apple stocks in the last few years must be really happy. That’s because the company just announced its financial results for its fiscal 2022 first quarter ended December 25, 2021, and revealed an 11% year-over-year increase. That means that in Q4 last year, the company had a record revenue of $123.95 billion. According to Apple, the profit recorded was $34.6 billion and earnings per share of $2.10.
Although we do not have information regarding unit sales of products sold by Apple, the breakdown of revenue by product category shows that sales of iPhones alone had a 9% increase over the same period last year. However, what really draws attention were the 25% growth in Mac sales ($10.85 billion) and 24% in Services ($19.5 billion).
Another surprising figure is the number of active Apple devices worldwide: there are already 1.8 billion. According to analysts, this number should reach 2 billion active devices by 2022. Last year, the installation base was 1.65 billion devices at this time. In other words, the company added 150 million new devices in the period.
In December, news about a secret deal between Apple and the Chinese government signed in 2016 made the headlines of many news channels. Coincidence or not, in recent years – especially 2021 – Apple has consolidated in the China market. According to Counterpoint Research in January 2022, Apple sold the highest number of iPhones in a single year since its inception, and one of the main reasons for it was Apple’s largest growth in China since October 2021.
In other words, Apple is crushing the market! And if Apple is gaining space in the global market, it is because another company is losing. And that company goes by the name of Huawei.
Loser of the week: Huawei is clearly lagging behind
Huawei announced two new smartphones this week, the Huawei P50 Pro and P50 Pocket. The models have at least two “features” in common: they lack support for the 5G network and Google Services. Among our team, we had some praise concerning the flip model, but in general, the opinion that reigned in the NextPit newsroom is that Huawei is trying to survive in the global market, but it’s getting hard to see.
Considered a good competitor to the Samsung Galaxy Z Flip 3, the P50 Pocket has a triple camera module that proves to be more competitive than the Samsung flip’s main camera. However, it lacks 5G, support for Google services, and will be mainly marketed in China, one of the countries where the Galaxy Z Flip 3 sold the most last year. In other words, it will be hard to see Huawei excelling in the foldable category once again.
As a tech fan, seeing a company that has innovated so much in recent years lose ground the way Huawei has been losing is sad. Furthermore, it is hard to indicate buying the manufacturer’s products in the West, as they are at the opposite of the experience with the major (and most popular) technological services.
In any case, my colleague Antoine Engels is testing the Huawei P50 Pro and the review should be published in the coming days. Also, on Friday we asked your opinion about the future of the manufacturer in our poll week, I would love to know your point of view regarding Huawei.
And with that thought, I close my case this week! But before saying goodbye, I would like to know what did you think of this week’s picks? Share your opinion in the comments of this article.