Newsbytes
  • India
  • Business
  • World
  • Politics
  • Sports
  • Technology
  • Entertainment
  • Auto
  • Lifestyle
  • Inspirational
  • Career
  • Bengaluru
  • Delhi
  • Mumbai
  • Videos
  • Visual Stories
  • Reviews
  • Phone Reviews
  • Fitness Bands Reviews
  • Speakers Reviews
  • Find Cricket Statistics
Hindi
More
In the news
Twitter
Snapchat
OPPO
Anand Mahindra
Mahindra Group
Bharat Biotech
Stock Market
Newsbytes
Hindi
Newsbytes
User Placeholder

Hi,

Logout


India
Business
World
Politics
Sports
Technology
Entertainment
Auto
Lifestyle
Inspirational
Career
Bengaluru
Delhi
Mumbai
Videos
Visual Stories
Reviews
Phone Reviews
Fitness Bands Reviews
Speakers Reviews
Find Cricket Statistics

More Links
  • Videos

Download Android App

Follow us on
  • Facebook
  • Twitter
  • Linkedin
  • Youtube
 
Home / News / Business News / Apple records its best-ever March quarter with $25bn profit
Business

Apple records its best-ever March quarter with $25bn profit

Apple records its best-ever March quarter with $25bn profit
Written by Athik Saleh
Apr 29, 2022, 11:07 am 2 min read
Apple records its best-ever March quarter with $25bn profit
First calendar quarter of the year corresponds to Apple's second fiscal quarter (Photo credit: Apple)

The first calendar quarter of 2022 hasn't been the best for everyone. But Apple isn't everyone. The Cupertino-based company has announced that it had the best March quarter in its history. Driven by record numbers for iPhones, MacBooks, and Services, the company posted a revenue of $97.3 billion in its second fiscal quarter of 2022. The net profit for the quarter was $25 billion.

Context
Why does this story matter?
  • With supply issues, Russia-Ukraine crisis, and increasing lockdowns in China, the Q1 of 2022 was not smooth sailing for companies around the world. Only a few of them managed to outperform expectations.
  • Apple belongs to the latter. It is safe to assume that the company went even beyond internal calculations. Is it sustainable? Well, that's for us to wait and watch.
Quarterly report
Apple made a net profit of $25 billion last quarter
Apple made a net profit of $25 billion last quarter

In Q2 of 2022, Apple made $97.3 billion in revenue with a $25 billion net profit, compared to $89.6 billion and $23.6 billion, respectively, same time last year. The earnings per share stood at $1.52. The company's Services category had a great quarter as the subscriber number went up to 825 million. Similarly, iPhone, Mac, and Wearables too set March quarter records.

Product performance
Mac posted a seventh consecutive successful quarter

Apple's growth in its second fiscal quarter of 2022 can be attributed to the performance of various products and services. MacBook continued its upward trajectory by posting a seventh consecutive record quarter. iPhone too posted impressive numbers with the revenue up by 5% from the year-ago quarter. On the other hand, supply constraints led to a slowdown in iPad sales.

Challenges
Lockdowns in China will amplify already existing supply issues

Despite the great quarter it had, Apple is not without challenges. With the lockdown in China getting stricter day by day, it is futile to expect the supply constraints to let up anytime soon. The company is already experiencing shipping delays when it comes to its Mac line-up. It also faces challenges to its control over the iPhone ecosystem from lawmakers and laws.

Share this timeline
Facebook
Whatsapp
Twitter
Linkedin
Athik Saleh
Athik Saleh
Twitter
Athik Saleh covers auto and tech news at NewsBytes. He had started as an SEO content writer at NewsBytes and has since been elevated after exhibiting his automotive acumen. He has previously worked as a columnist at Law Insider India. He has a Bachelor's degree in Law from the National Law Institute University, Bhopal.
Latest
iPhone
Apple
Related
Latest
'Only Murders in the Building' S2: When, where to watch?
'Only Murders in the Building' S2: When, where to watch? Entertainment
'Shaktimaan' to 'Malgudi Days': OTT platforms streaming beloved old shows
'Shaktimaan' to 'Malgudi Days': OTT platforms streaming beloved old shows Entertainment
England vs NZ, 3rd Test: Bairstow, Overton help hosts recover
England vs NZ, 3rd Test: Bairstow, Overton help hosts recover Sports
Buy the Bajaj Pulsar N160 or TVS Apache RTR 160?
Buy the Bajaj Pulsar N160 or TVS Apache RTR 160? Auto
Australia beat Sri Lanka in 5th ODI: Key stats
Australia beat Sri Lanka in 5th ODI: Key stats Sports
iPhone
WhatsApp enables data transfer from Android to iOS: Full guide
WhatsApp enables data transfer from Android to iOS: Full guide Technology
iOS 16: How to customize your Apple iPhone Lock Screen
iOS 16: How to customize your Apple iPhone Lock Screen Technology
Apple discontinues iPod after 21 years: Tracing the magical journey
Apple discontinues iPod after 21 years: Tracing the magical journey Technology
Use AYYA T1 instead of iPhone: Russian government urges citizens
Use AYYA T1 instead of iPhone: Russian government urges citizens Technology
Apple becomes world's first company to hit $3 trillion valuation
Apple becomes world's first company to hit $3 trillion valuation Business
More News
Apple
Apple's AR/VR headset could release in January: Check rumored features
Apple's AR/VR headset could release in January: Check rumored features Technology
Apple iOS 16's new feature will let you bypass CAPTCHAs
Apple iOS 16's new feature will let you bypass CAPTCHAs Technology
iOS 16: Interesting features you may not have noticed yet
iOS 16: Interesting features you may not have noticed yet Technology
M2-powered MacBook Pro 13 pre-order begins June 17: Check price
M2-powered MacBook Pro 13 pre-order begins June 17: Check price Technology
Apple iOS 16 to come with walkie-talkie capabilities, eSIM transfer
Apple iOS 16 to come with walkie-talkie capabilities, eSIM transfer Technology
More News
Related
Zomato's loss widens to Rs. 359cr despite 75% revenue increase
Zomato's loss widens to Rs. 359cr despite 75% revenue increase Business
Tesla blows away estimates with record $3.3 billion quarterly profit
Tesla blows away estimates with record $3.3 billion quarterly profit Business
Alphabet Inc. beats all-time record with $61.9 billion revenue
Alphabet Inc. beats all-time record with $61.9 billion revenue Business
Apple posts record earnings in this quarter. Reason is iPhone
Apple posts record earnings in this quarter. Reason is iPhone Business
Next News Article
Next News Article

Love Business news?

Subscribe to stay updated.

Business Thumbnail
India News Business News World News Politics News Sports News Technology News Entertainment News Auto News Lifestyle News Inspirational News
Career News Bengaluru News Delhi News Mumbai News Mukesh Ambani Indian Premier League (IPL) Karnataka Samsung Xiaomi West Bengal
Bihar Virat Kohli Rohit Sharma Haryana Narendra Modi Arvind Kejriwal Tamil Nadu Gujarat Yogi Adityanath YouTube
Instagram Hollywood News Uttar Pradesh Kerala Netflix Bollywood News Mamata Banerjee Maruti Suzuki Rahul Gandhi Elon Musk
Shah Rukh Khan Chelsea FC OPPO Akhilesh Yadav Indian Cricket Team Apple Manchester United Salman Khan Cryptocurrency OnePlus
Amitabh Bachchan ICC Women's World Cup Vivo India vs Sri Lanka
About Us Privacy Policy Terms & Conditions Contact Us Ethical Conduct Grievance Redressal News News Archive Topics Archive IPL 2022 Schedule IPL 2022 Points Table Find Cricket Statistics
Follow us on
Facebook Twitter Linkedin Youtube
All rights reserved © NewsBytes 2022