New Delhi: Apple Announced financial results for the second quarter of FY 2022. The quarter, which according to Apple, ended March 26, 2022, yielded some solid numbers for the Cupertino-based tech giant. Apple reported record revenue of $97.3 billion in the March quarter, up 9 percent year over year.
How did Apple products perform?
Compared to the same quarter last year, Apple’s smartphone business — driven by the iPhone 13 — grew 5.5%. Apple revealed that revenue from the iPhone was approximately $50.5 billion in the quarter, up from last year’s $47.8 billion. Apple CEO Tim CookIn an interview with CNBC, he said that there were a “record number of Switchers” – Android converters – in the quarter.
The transition from Intel processors to its own M1 chips seems to have paid off quite well for Apple. Mac revenue grew about 15% in the quarter, and Apple generated about $10.4 billion.
If the Mac and iPhone are performing well, the numbers ipad Didn’t make for happy reading for Apple. iPad revenue in the quarter stood at $7.65 billion, down 2% from the prior year. Cook said supply chain constraints have had an impact on iPad sales.
Apple Watch, AirPods and Beats wearables are all doing well as they generated close to $8.8 billion in revenue. Apple’s wearables business — if it were a standalone company — is now as big as a Fortune 100 company.
The services business — including Apple Care, the App Store and iCloud — remains strong for Apple as it generated $19.82 billion in revenue. Apple claims it now has over 825 million paid subscriptions across all services, up from 165 million in the past 12 months
Apple CFO Luca Maestri said, “We are very pleased with our record business results for the March quarter, as we set an all-time revenue record for iPhone, Mac and Wearables, Services for Home and Accessories and a March quarter revenue record is.” ,