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PRESS RELEASE 29 April 2022

Apple Reports Second-Quarter Results

Revenue up 9 per cent to new March-quarter record

Services revenue reaches new all-time high
CUPERTINO, California 28 April 2022 Apple today announced financial results for its fiscal 2022 second quarter ended 26 March 2022. The Company posted a March-quarter revenue record of US$97.3 billion, up 9 per cent year over year, and quarterly earnings per diluted share of US$1.52.
“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.”
“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 US$28 billion in operating cash flow, and allowed us to return nearly US$27 billion to our shareholders during the quarter.”
Apple’s board of directors has declared a cash dividend of US$0.23 per share of the Company’s common stock, an increase of 5 per cent. The dividend is payable on 12 May 2022 to shareholders of record as of the close of business on 9 May 2022 (PDT). The board of directors has also authorised an increase of US$90 billion to the existing share repurchase program.
Apple will provide live streaming of its Q2 2022 financial results conference call beginning at 7:00 am AEST on 29 April 2022 at This webcast will be available for replay for approximately two weeks thereafter.
  • Consolidated Financial Statements

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