Apple Reports Second Quarter Results

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Apple released financial statistics for the second quarter of fiscal 2022, which concluded March 26, 2022, on Thursday. The company reported $97.3 billion in revenue in the March quarter, up 9% year over year, and $1.52 in earnings per diluted share.

“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,”

said Tim Cook, Apple’s CEO.

The board of directors of Apple has declared a cash dividend of $0.23 per share of the company’s common stock, up 5%. The dividend will be paid on May 12, 2022 to stockholders who were on the books on May 9, 2022.

“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,”

said Luca Maestri, Apple’s CFO.

The board of directors also approved a $90 billion increase in the existing share repurchase programme.

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