Apple Beats Expectations in Q2 With $97 Billion USD Revenue

Apple Beats Expectations in Q2 With $97 Billion USD Revenue

04/29/2022

Apple has released its revenue results for the second quarter. This March marked the company’s best yet, with $97.3 billion USD in revenue, a 9% jump from this time last year. On an earnings call, Apple CEO Tim Cook deemed Q2 earnings “better than we anticipated.”

The quarter also landed with an all-time high for Apple’s Services, which charges monthly subscriptions to TV+, Music and other content. While Apple Music has been popular for a while now, Apple TV+ has been on the rise with hit shows such as Coda and Ted Lasso.

The company’s hardware sales continued to increase from the previous year. Mac and iPhone sales both increased, while iPad slowed only slightly, dropping from $7.8 billion USD to $7.6 billion USD.

Wearables, meanwhile, made Apple $19.8 billion USD this quarter, up from $16.9 billion USD last year. Comprising AirPods, watches and other tech, CFO Luca Maestri said that Apple’s “wearables business has doubled in three years and is nearly the size of a Fortune 100 business.”

In other tech news, Carrots and CASETiFY reunited for a second accessories collaboration.
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