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