Apple just reported the quarterly results of its fiscal second quarter, which ended March 26, which is then the confusingly first quarter of the year (fiscal years are so funny sometimes). Either way, that’s good news for the Cupertino-based company, as it posted record revenue for a quarter in March.
Apple’s revenue was $ 97.3 billion that quarter, up 9% year-on-year (i.e. compared to the March 2021 quarter). This has resulted in quarterly earnings per diluted share of $ 1.52, which you should only worry about if you own Apple stock. Also for shareholders, it is important to note that Apple’s board of directors declared a cash dividend of $ 0.23 per common share, a 5% increase. This will be payable on May 12 to those who owned shares as of May 9.
Tim Cook was understandably stunned by the news, saying, “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. customer response to our new products, as well as the progress we are making to become carbon neutral across our supply chain and our products by 2030. We are committed, as always, to be a positive force in the world, both in what we create that in what we leave behind “.
Interestingly, Luca Maestri, Apple’s CFO, revealed that the company’s Services division set an all-time revenue record this quarter, while revenue from sales of iPhones, Macs, wearables, products for the home and accessories were all records, but only relative to any other quarter in March.
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