The first calendar quarter of the year corresponds to the second fiscal quarter of the company.
For the quarter, Apple posted revenue of $97.3 billion and net quarterly profit of $25.0 billion, or $1.52 per share, compared to revenue of $88.6 billion and net quarterly profit of $23.6 billion, or $1.40 per share, in the year-ago quarter.
Apple set all-time records for revenue and earnings in the March quarter.
The year-ago quarter's gross margin was 42.5 percent. Apple increased its dividend to $0.23 per share, up from $0.22 per share. The dividend will be paid on May 12 to shareholders.
An increase of $90 billion has been authorized by Apple.
“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,” said Tim Cook, Apple’s CEO. “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.”
For the second year in a row, Apple is not issuing guidance for the current quarter.
The conference call for Apple's fiscal Q2 2022 financial results will be streamed live. The conference call highlights will be covered by Pacific and MacRumors.
The conference call starts at 2 p.m. There is no need to refresh.
| 2:10 pm | Apple's stock price has given back all of its after-hours gains. |
| 2:09 pm | New UAE Apple Retail Store in Abu Dhabi, and a third store in Seoul. In-person Today At Apple sessions returned in the US. |
| 2:08 pm | Arizona is the first state to use a driver's license or state ID to Apple Wallet. More states, and the territory of Puerto Rico, are coming. |
| 2:08 pm | Name-checking Apple Fitness and the Apple Heart & Movement Study. |
| 2:07 pm | Services revenue grew to $19.8 billion, up 17% from a year ago. Tim notes that CODA won Best Picture at the Academy Awards, making Apple TV+ the first streaming service to win the award. |
| 2:06 pm | Now touting the new Apple Watch, AirPods, and other accessories. |
| 2:05 pm | Significant iPad supply constraints predicted at the start of the quarter continued. |
| 2:05 pm | iPhone revenue up 5%, thanks to strong demand for iPhone 13 family. |
| 2:05 pm | He seems particularly excited about the new iPhone SE. |
| 2:04 pm | Touting the performance of the Mac division, including the new Mac Studio, despite supply chain problems. |
| 2:03 pm | He is pausing to acknowledge the "humanitarian tragedy in Ukraine". The company is donating to humanitarian causes on the ground. Acknowledging how employees are coming back to the office in the US and Europe, but things continue to be difficult in China. "These times remind us that we can not know what the future may hold." |
| 2:02 pm | Tim has begun speaking, noting Apple has a March quarter revenue record, and best-ever March quarter in a number of categories. |
| 2:01 pm | The call is beginning with the standard introductions and warnings about forward-looking statements. |
| 1:56 pm | The earnings call between Apple executives and industry analysts should begin in four minutes. Expected on the call are Apple CEO Tim Cook and Apple CFO Luca Maestri. |
| 1:40 pm | Apple set an all-time revenue record for Services and March quarter revenue records for iPhone, Mac, and Wearables, Home and Accessories. |
| 1:39 pm | After rising around 4.5% in regular trading today, Apple's stock is almost 2% more in after-hours trading following the earnings release. |
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