Apple Q2 earnings report results are out, and the Cupertino-based company posted a March quarter revenue record of $97.3 billion, which is up 9% year over year. They set an all-time revenue record for Services as well as March quarter revenue records for iPhone, Mac, Wearables, and Home & Accessories. This helped them generate over $28 billion in operating cash flow, and return nearly $27 billion to their shareholders.
The company’s board of directors also declared a cash dividend of $0.23 per share of Apple’s common stock, an increase of 5%, payable on May 12, 2022 to shareholders of record as of the close of business on May 9, 2022. To further help weather the economic storm, Apple’s board of directors authorized an increase of $90 billion to the existing share repurchase program. Unfortunately, their spaceship headquarters still does not have a MacBook Pro-shaped roof, like one of the Chicago Apple Stores.
- All-Day Battery Life – Go longer than ever with up to 18 hours of battery life.
- Powerful Performance – Take on everything from professional-quality editing to action-packed gaming with ease. The Apple M1 chip with an 8-core CPU...
- Superfast Memory – 8GB of unified memory makes your entire system speedy and responsive. That way it can support tasks like memory-hogging multitab...
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,” said Tim Cook, Apple CEO.
