Apple on Thursday announced its Q2 2022 earnings, the company posting revenue of $97.3 billion, an increase of 9 percent year over year.
Apple reported a profit of $25 billion alongside earnings per share of $1.52.
The reports beat estimates of $95.51 billion in revenues, against $89.58 billion for the same quarter last year and earnings per share of $1.53.
Wall Street also predicted growth for the iPhone, Mac, Wearables, and Services businesses, while they predicted a slight drop in iPad revenue.
Apple once again refrained from offering any guidance for the quarter, again citing concerns over supply-side disruptions. Ongoing COVID-19 disruptions and supply shortages continue to impact Apple’s revenue and its ability to predict future numbers.
While specific unit sales weren’t provided, Apple offered the following breakdown for fiscal Q2 2022:
- iPhone: $50.57 billion (Up 5.5 percent YOY)
- Mac: $10.43 billion (Up 14.3 percent YOY)
- iPad: $7.65 billion (Down 2.2 percent YOY)
- Wearables: $8.82 billion (Up 12.2 percent YOY)
- Services: $19.82 billion (Up 17.2 percent YOY)
Apple has also declared a cash dividend of $0.23 per share of its common stock, an increase of 5 percent. The board of directors has also authorized an increase of $90 billion to the existing share repurchase program.
Stay tuned for additional details as they become available.
Via 9to5Mac