Apple reports Q2 results with record revenue

SAN FRANCISCO, April 28– Apple on Thursday announced financial results for its fiscal 2022 second quarter ending March 26, with a quarterly revenue record of 97.3 billion U.S. dollars, up 9 percent year over year. Apple’ s net sales in the Greater China region increased to 18.34 billion dollars from 17.73 billion dollars a year ago, according to Apple’ s financial…

SAN FRANCISCO, April 28 (Xinhua) — Apple on Thursday announced financial results for its fiscal 2022 second quarter ending March 26, with a quarterly revenue record of 97.3 billion U.S. dollars, up 9 percent year over year.

The company posted its quarterly earnings per diluted share of 1.52 dollars, compared to 1.40 dollars for the same period of fiscal 2021.

Its net income for the quarter increased to 25.01 billion dollars from 23.63 billion dollars a year ago.

Sales of iPhone amounted to 50.57 billion dollars, up 66 percent from 47.94 billion dollars a year ago.

Its sales of Wearables, Home and Accessories products increased to 8.81 billion dollars from 7.84 billion dollars a year ago.

Apple’s net sales in the Greater China region increased to 18.34 billion dollars from 17.73 billion dollars a year ago, according to Apple’s financial statement.

“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 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 U.S. dollars in operating cash flow, and allowed us to return nearly 27 billion dollars to our shareholders during the quarter,” he added.

Apple’s board of directors has declared a cash dividend of 0.23 dollar per share of the company’s common stock, an increase of 5 percent. The dividend is payable on May 12, 2022 to shareholders of record as of the close of business on May 9, 2022.

The board of directors has also authorized an increase of 90 billion dollars to the existing share repurchase program. Enditem

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