35.1 C
Delhi

Apple reports a whopping near-to $100 billion in revenue this year, and the year isn’t over yet

Apple recently released its financial statistics for the second fiscal quarter of 2022, which included the months of January, February, and March. Across most of its product categories, the Cupertino corporation outperformed analyst expectations, with substantial increases in revenue and profit.

Apple does not announce unit sales for its goods, instead offering a revenue breakdown by category. iPhones continue to be the company’s most profitable product, with revenue of $50.6 billion (up 5.5 percent year over year) in Q2. Apple made $10.4 billion from Macs (up 14.3% year over year), while wearables brought in $8.8 billion (up 12.2 percent YoY).

Apple reported $97.3 billion in revenue for the quarter, an increase of 9% year over year, and a profit of $25 billion, or $1.52 per share

Apple
credit: Apple

With $19.8 billion in revenue, the services sector achieved an all-time high, up 17.2 percent year over year. iPad sales, on the other hand, were down 2.2 percent year over year to $7.6 billion. Apple CEO Tim Cook attributed the company’s mediocre tablet performance on substantial supply bottlenecks during the quarter.

The App Store, iCloud, Apple Music and Apple TV+ are all part of Apple’s services category. It’ll be interesting to watch if the corporation can keep up its success in this area after Covid’s departure. Apple refused to give an estimate for the current quarter, noting the pandemic’s persistent uncertainty. However, CFO Luca Maestri warned that supply issues might cost the company up to $8 billion this quarter.

- Advertisement -TechnoSports-Ad

also read:

Nvidia GeForce NOW adds 14 Games & brings Native support for Apple’s M1 Processor

Source

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Nivedita Bangari
Nivedita Bangari
I am a software engineer by profession and technology is my love, learning and playing with new technologies is my passion.
TechnoSports-Ad

Popular

TechnoSports-Ad

Related Stories

More from author

Top 10 IT Companies in World: Leading IT companies in the World (April 13)

Top 10 IT company in world: Over the last two years, there has been an increase in IT expenditure, which has resulted in the...

The best sites for JPEG compression Online as of 2024 (April 13)

Best sites for JPEG compression: In a nutshell, image optimisation can improve on-page SEO by increasing page load speed. In contrast, a media-heavy web...

The best apps for translating from English to Hindi in 2024 (April 13)

More than 500 million people worldwide speak Hindi, making it the third most widely used language. However, English is the most commonly used language...

The Best Spotify Alternatives in 2024 that You Must Know

Best Spotify Alternatives in 2024: The well-known music streaming service Spotify has completely changed how we listen to and appreciate music. Spotify satisfies the...