Apple reports second quarter results

Apple today announced financial results for the second quarter of its fiscal year, ending March 26, 2022. The company set a new record in March with $97.3 billion in revenue, up 9% from last year, and a quarterly earnings per share of $1.52.
“This quarter’s record results are a reflection of Apple’s commitment to innovation and our ability to create the best products and services in the world,” said Tim Cook, Apple’s CEO. “We are very excited to see the incredible customer response to our new products, as well as the progress we are making to achieve carbon neutrality across our supply chain and products by 2030. Our commitment remains to work towards create a better world, not only with what we do but also with what we leave behind.”
“We are very pleased with these business results in the March quarter as they mark an all-time revenue record for services and record revenue for iPhone, Mac, Wearables, Home and Accessories. Our products have been in consistently high demand, helping to set an all-time high in our installed base of active devices,” said Luca Maestri, Apple’s chief financial officer.

“Our strong operating performance generated more than $28 billion of operating cash flow and enabled us to return nearly $27 billion to our shareholders during the quarter.”
Apple’s Board of Directors has declared a cash dividend of $0.23 per share for the company’s common stock, an increase of 5 percent. The dividend will be paid on May 12, 2022 to shareholders of record at the close of business on May 9, 2022. The Board has also authorized a $90 billion increase in the current share repurchase program.