Apple reports $97.3 Billion Revenue for 2022 Q2

Apple on Thursday announced their financial results for the second fiscal quarter of 2022, which relates to the first calendar quarter of the year.

For its fiscal year second quarter that ended March 26, 2022, the Cupertino company posted a revenue worth $97.3 billion and net quarterly profit of $25 billion, or $1.52 per diluted share. Last year’s same quarter earned Apple a revenue of $89.6 billion and net quarterly profit of $23.6 billion, or $1.40 per diluted share.

Apple’s board of directors declared a cash dividend of $0.23 per share of the Company’s common stock, a 5% increase from $0.22 per share. The dividend is payable May 12 to shareholders of record as of May 9.

They have also authorized an increase of $90 billion for its stock buyback program.

Apple CEO Tim Cook said, “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. 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.”

“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,” said Luca Maestri, Apple’s CFO. “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.”

Image: Apple

Leave a Comment