On Thursday, April 28, Apple announced its financial results for the fiscal second quarter of 2022 with a record-breaking revenue in almost all of its products and services.
Apple’s second quarter covering the months of January, February, and March, ended on March 26, 2022, and the company reported a revenue of $97.3 billion in the March quarter, an increase of 9% as compared to the last year in the same quarter and recorded a net profit of $25 billion and earnings-per-share of $1.52.
And for these great financial results, Apple CEO Tim Cook said,
"This quarter’s record financial results are a testament to Apple’s relentless focus on innovation and our ability to create the best products and services in the world. 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."
The stunning iPhone 12 and iPhone 13 lineups, M1 MacBook Air, MacBook Pro, and the newest M1 Pro and M1 Max-powered MacBook Pro models, wearables, and services reached all-time highs in terms of revenue in the incredible financial results for the March quarter.
Here’s what Apple CFO Luca Maestri said about the company’s latest financial results.
"We are very pleased with our record business results for the March quarter, as we set an all-time revenue record for Services and March quarter revenue records for iPhone, Mac, and Wearables, Home and Accessories. Continued strong customer demand for our products helped us achieve an all-time high for our installed base of active devices. Our strong operating performance generated over $28 billion in operating cash flow, and allowed us to return nearly $27 billion to our shareholders during the quarter."
Revenue of Apple’s All Product Categories:
- iPhone: $50.57 billion, 5.5% increase YOY
- iPad: $7.65 billion, 2.2% decrease YOY
- Mac: $10.43 billion, 14.3% increase YOY
- Services: $19.82 billion, 17.2% increase YOY
- Home, Wearables, and Accessories: $8.82 billion, 12.2% increase YOY
Apple’s board of directors proclaimed a cash dividend of $0.23 per share on the common stock of the company. The dividend will record as of the close of quarter business on May 9 and it is payable to shareholders on May 12, 2022.