It’s been another quarter for Apple, and, as it turns out, it was a pretty healthy one for the company, too. Today, Apple has officially released the finer details regarding its second fiscal quarter of 2022. Which means we get to find out just how much money the company brought in over the last few months.
The second fiscal quarter of 2022 covers the previous three months. (Apple delivered the results of its first fiscal quarter this year near the end of January.) Unlike the previous quarter’s results, though, there isn’t a major holiday shopping season to help spruce up the numbers. Still, Apple did pretty well for itself, which really shouldn’t come as a surprise anymore.
On Thursday, April 28, 2022, Apple officially reported its second fiscal quarter, which ended March 28, 2022. Apple confirmed it brought in a total of $97.3 billion in revenue over the previous three months. The company saw $25 billion in total profit. That equals to a 9% year-over-year revenue increase when compared to the second fiscal quarter of 2021.
From today’s announcement:
Apple today announced financial results for its fiscal 2022 second quarter ended March 26, 2022. The Company posted a March quarter revenue record of $97.3 billion, up 9 percent year over year, and quarterly earnings per diluted share of $1.52.
Apple’s CEO, Tim Cook, weighed in on the results:
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,’ said Tim Cook, Apple’s CEO. ‘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.
And, as usual, the company’s CFO, Luca Maestri, also had something to say:
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.
Here’s the breakdown for the latest fiscal quarter:
- iPhone: $50.57 billion
- Mac: $10.43 billion
- iPad: $7.65 billion
- Wearables, Home & Accessories: $8.82 billion
- Services: $19.82 billion
As usual, Apple will host a conference call to go over the details of its latest quarterly results soon enough. On that call we’ll probably hear just how well the Services division is doing, among other things.