Apple reports record sales and profits
By Matt Hall | 29th April 2022
Smartphone giant Apple has reported record revenue and profits for the second quarter of its financial year, but warned the war in Ukraine may have greater impact in the coming months.
Revenues between January and March rose nine per cent to $97.3bn - $3bn ahead of analysts predictions.
Chief financial officer Luca Maestri said in a statement that the growth was thanks to a "continued demand for products", and a record high for sales of services.
Apple said more than $50bn of this came from iPhone sales, while services including Apple Music and video subscriptions contributed just under $20bn to total revenues.
Revenue from Mac computers rose 14.7 percent to $10.4bn, but iPad sales fell two per cent to $7.65bn for the period.
Second quarter net income came in at $25bn, with Apple rewarding shareholders with a five per cent rise in its dividend payment. The Apple board also approved an additional $90bn share buyback.
Simon Gardner, sales manager at Stonehouse-based Apple authorised reseller Lister Unified Communications, said: "These impressive sales come as no surprise. Apple is a very popular brand amongst our customers, and hasn't seen too much disruption from the pandemic and supply chain problems.
"Customers are loyal, buying into the Apple ecosystem. The heightened demand for its latest products never seems to dip, despite the rising costs."
To find out more about Lister, and its Apple products and services offering, please visit: https://www.lister-communications.co.uk/apple-authorised-reseller.
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