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Original poster
Apr 12, 2001
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Apple today announced financial results for its second fiscal quarter of 2022, which corresponds to the first calendar quarter of the year.

For the quarter, Apple posted revenue of $97.3 billion and net quarterly profit of $25.0 billion, or $1.52 per diluted share, compared to revenue of $89.6 billion and net quarterly profit of $23.6 billion, or $1.40 per diluted share, in the year-ago quarter.

2q22-line.jpg

As expected, Apple's revenue and earnings set all-time records for the March quarter.

Gross margin for the quarter was 43.7 percent, compared to 42.5 percent in the year-ago quarter. Apple also declared an increased dividend payment of $0.23 per share, up from $0.22 per share. The dividend is payable May 12 to shareholders of record as of May 9.

Apple has also authorized an increase of $90 billion for its stock buyback program.
“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.”
As has been the case for two years now, Apple is once again not issuing guidance for the current quarter ending in June.

2q22-pie.jpg

Apple will provide live streaming of its fiscal Q2 2022 financial results conference call at 2:00 p.m. Pacific, and MacRumors will update this story with coverage of the conference call highlights.

Conference call recap ahead...
Click here to read rest of article...

Article Link: Apple Reports 2Q 2022 Results: $25.0B Profit on $97.3B Revenue, Best March Quarter Ever
 
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Justin Cymbal

macrumors 6502
Mar 25, 2008
449
2,579
Boston, Massachusetts
I bought a lot of Apple stock in my IRA a few years ago and continue buying more on the dips

I’m definitely planning to keep adding more shares and am holding it as a long-term investment

This year has definitely started off well for Apple and I’m looking forward to WWDC in June as well as the new AirPods Pro, iPhone 14 and the redesigned MacBook Air in the fall

Keep up the awesome innovation Apple and continue to come out with amazing tech that improves people’s lives throughout the world!
 

coolfactor

macrumors 604
Jul 29, 2002
7,131
9,876
Vancouver, BC
The fact they can keep growing (impressivly) boggles my mind. Especially when I cannot mention a single revolutionary innovation for a long long time

I initially Liked your post, but then reversed that. I think your bar for "revolutionary innovation" is set too high. ?

M1 was a HUGE revolutionary innovation! It may be a continuation of the A-series work that they've excelled at, but that move revolutionized the Mac overnight!
 

Pangalactic

macrumors 6502a
Nov 28, 2016
512
1,443
The fact they can keep growing (impressivly) boggles my mind. Especially when I cannot mention a single revolutionary innovation for a long long time
Apple Watch that made smart watches mainstream for the first time?
Airpods that shifted the whole headphones industry to wireless?
ARM Macs with ridiculous performance and battery life?

I feel people are vastly underestimating how many things were achieved under Tim Cook
 

eilavid

macrumors regular
Oct 25, 2021
111
846
- great to see macs sales increasing
- services revenue is insane
- wearables/airpods being at 9% of total sales seems kinda low to me
- apple increasing R&D spending by another $1 billion is interesting
 

lkrupp

macrumors 68000
Jul 24, 2004
1,909
3,935
The fact they can keep growing (impressivly) boggles my mind. Especially when I cannot mention a single revolutionary innovation for a long long time
Your problem is you take in all the negative b.s. that goes on in tech blog forums and forget about the real world market where people love to buy and use Apple’s products. You wouldn’t know that from what is said in forums where Apple is hated, despised, constantly lambasted and denigrated by disgruntled know-it-alls.
 

DeepIn2U

macrumors G5
May 30, 2002
12,852
6,892
Toronto, Ontario, Canada
Search BS on the call about the iPhone SE family helping out the 13th sales.

Aha!

IPhone SE 3 is not an iPhone 13 model or family. But lol.

EDIT:
Q: You talked about iPhone SE demand, can you compare what you're seeing in momentum to previous iPhone SE cycles. What are you seeing in demand by geography?

A: We don't get to that level of granularity because we view it to be sensitive data that competitors would love to have, I'll punt on answering that question. When you zoom out and look at iPhone as a total, we could not be happier with the iPhone 13 family of products and the strength we've seen for this cycle. Those products have powered the line and given us the results we've had on iPhone. Revenue of $120 billion for first half of the fiscal year. Feel good about those results.
 
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SactoGuy18

macrumors 601
Sep 11, 2006
4,386
1,552
Sacramento, CA USA
I think what helps Apple is that they don't have to deal with a fragmented market that Google has to contend with under Android. As such, iPhones only a few years in age still sell in large numbers in "Renewed" condition.
 
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