Apple reports $97.3 billion record revenue with 9% Y-o-Y growth in Q2, 2022

Apple has recorded another impressive quarter with a revenue record of $97.3 billion in Q2, 2022 with a 9% Y-o-Y and quarterly earnings per diluted share of $1.52.

This year has had a great start for the Cupertino tech giant, it achieved new all-time record revenue of $123.9 billion with an 11% Year-on-Year growth and quarterly earnings per diluted share of $2.10. in Q1, 2022.

CEO of the company, Tim Cook said that the numbers represent customers’ positive response to Apple’s products and services.

“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.”

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Apple saw growth in sales across products in Q2, 2022

  • iPhone – $50.570 billion (up from $47.938 billion for the same quarter the previous year)
  • Mac – $10.435 billion (up from $9.102 billion for the same quarter the previous year)
  • iPad – $7.646 billion (up from $7.807 billion for the same quarter the previous year)
  • Wearable, Home, and Accessories – $8.806 billion (up from $ billion for the same quarter the previous year)
  • Services – $19.821 (up from $16.901 billion for the same quarter the previous year)

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Luca Maestri, the company’s CFO expressed satisfaction with the March quarter’s earnings and mentioned that the strong performance of Apple’s products and services allowed the company to return $27 billion to shareholders in the March quarter.

“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.”

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Addicted to social media and in love with iPhone, started blogging as a hobby. And now it's my passion for every day is a new learning experience. Hopefully, manufacturers will continue to use innovative solutions and we will keep on letting you know about them.

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