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Apple has now officially opened its books and announced its results for the second fiscal quarter of 2022 (first calendar quarter of 2022).
Apple has now officially closed the books open and released the results for the second fiscal quarter of 2022 (first calendar quarter of 2022). Side note: Apple's fiscal year starts on October 1st and ends on September 30th. Apple did not announce a sales forecast at the last quarterly earnings conference either, as the company could not provide a realistic estimate due to the ongoing COVID-19 crisis.
Apple announces new record in March quarter
With an EPS (earnings per share) of 1.52 US dollars, Cupertino exceeded the analysts' forecast, which on average predicted 1.42 US dollars. The company posted record sales of 97.3 billion US dollars in the March quarter, an increase of 9 percent compared to the previous year - profits are 23 billion US dollars. Apple boss Tim Cook commented as follows:
This quarter's record results are a testament to Apple's relentless focus on innovation and our ability to create the world's best products and services. We are pleased with the strong customer response to our new products and the progress we are making to become carbon neutral across our supply chain and products by 2030. We remain committed to being a force for good in the world - both with what we create and what we leave behind.
Apple Q2/2022: Dividend will be increased by 5 percent
Apple’s CFO, Luca Maestri, said:
We are very pleased with our record March quarter results, as we set a new revenue record for Services and a new March quarter revenue record for iPhone, Mac, Wearables, Home and Accessories. Continued strong customer demand for our products helped us reach an all-time high installed base of active devices. Our strong operating performance resulted in over $28 billion in operating cash flow and enabled us to return nearly $27 billion to our shareholders during the quarter.
According to the company, the dividend will be increased by 5 percent, amounting to 0.22 US dollars per share, and will be paid out on May 12. The board has also approved an increase in the existing share buyback program by 90 billion US dollars. The stock is firmer in after-hours trading on the NASDAQ, gaining around 1.71 percent to 166.44 US dollars. (Photo by Yuri Hoyda / Bigstockphoto)
