Apple has the highest revenue of all time

Apple has officially reported record quarterly revenue for the first quarter of 2022 despite the volatile market.

At a conference event with analysts on April 28, Apple officially announced $97.28 billion in revenue for the first quarter of 2022, again breaking the year-over-year figure ($89 billion) in a still-challenging market.

iPhone 13 Green.

Quarterly gross profit margin was 43.7%, up slightly from 42.5% in the first quarter of the previous year. Operating expenses increased from $10.6 billion in the first quarter of 2021 to $12.6 billion in the second quarter of 2022. Earnings per share are set at $1.52.

This is the first quarter of AirPods 3 wireless headphones, 14-inch MacBook Pro laptops, and 16-inch MacBook Pro laptops with Apple Silicon chips and Apple Polishing Cloth screen wipes.

During this time, Apple also introduced new products, including Studio Display monitors, iPad Air 5 tablets, iPhone SE 3, iPhone 13/ iPhone 13″ Pro Green and Mac Studio.

Apple CEO – Tim Cook.

iPhone revenue for the quarter was $50.57 billion, up from $47.9 billion in Q1 2021, and iPad revenue fell from $7.8 billion to $7.65.

Mac revenue grew to $10.44 billion from $9.1 billion in Q1 a year ago, and Wearables, Home, and Accessories grew to $8.8 billion from $7.8 billion.

Services, an always reliable growth arm of Apple, brought in $19.8 billion, up 17.26% from $16.9 billion in the first quarter of last year.

“This quarter’s record results are testament to Apple’s unwavering focus on innovation and our ability to create the best products and services in the world,” said Apple CEO Tim Cook. gender. We are delighted to see the strong customer response to our new products and the progress we are making towards becoming carbon neutral across the entire supply chain and products by 2030. .”

As usual, Apple did not make any forecasts in the near future – a policy it has applied throughout the pandemic.

Luca Maestri, Apple’s chief financial officer, said: “Continued strong demand for the company’s products and active devices helped us achieve the highest revenue levels of all time. age. The company’s strong operating performance generated more than $28 billion in operating cash flow and enabled us to return nearly $27 billion to our shareholders during the quarter.”

Apple’s board of directors announced a cash dividend of $0.23 per share, up 5%. Dividends will be paid to shareholders at the end of business operations on May 9, 2022. In addition, Apple’s board of directors approved a $90 billion share buyback program.