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Businesses Apple

Apple Reports Best March Quarter Ever (theverge.com) 15

Even as it deals with continued supply constraints and consumers wary of inflation, Apple today reported the best March quarter in its history. The Verge reports: The company tallied $97.3 billion in revenue in Q2, up 9 percent over the year-ago quarter. That amounted to a profit of $25 billion, with earnings per share of $1.52. Apple set March quarter revenue records for its iPhone, Mac, and Wearables / Home / Accessories divisions. But the second quarter saw a slowdown in iPad sales, which were down slightly year over year. Apple's various services grew to a new high of 825 million subscribers, up 165 million from the total a year ago.

The increase in iPhone revenue comes even after Apple noted that the year-ago Q2 saw very strong iPhone demand due to the iPhone 12 series launching a bit later in the fall than normal. New products released by Apple during the March quarter included the third-gen iPhone SE, green colors of the iPhone 13 and iPhone 13 Pro, the powerful Mac Studio desktop, and the 5K Studio Display external monitor.

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Apple Reports Best March Quarter Ever

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  • by SuperKendall ( 25149 ) on Thursday April 28, 2022 @06:34PM (#62488050)

    The results are great, ands show Apple is absolutely on the right track with newer products!

    However they also announced an upcoming storm ahead due to supply constraints - to the tune of a $4-$8 *billion* of lost profits [wsj.com] in the three months through June (and Chinese lockdowns hurting sales there).

  • COVID lockdowns in China.
  • by Camembert ( 2891457 ) on Thursday April 28, 2022 @09:09PM (#62488238)
    The Mac is progressing in sales, not really a surprise considering the good reception of the M1 processors. But what was most interesting for me, apparently half of these new Mac sales are going to 1st time Mac buyers. That bodes well for the platform.
    • by hogleg ( 1147911 )
      I didn't read that about half being first time buyers but am not surprised. The base mini is pretty affordable and quite performant. I assume most people already have keyboard, monitor and mouse so that mitigates the cost somewhat. I think Apple did well with leaving Intel.

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