Apple Reports All-Time or March Quarter Revenue Records Across All Categories Except iPad

Thursday April 28, 2022 2:03 pm PDT by Joe Rossignol

Apple today announced its earnings results for the second quarter of its 2022 fiscal year, including revenue of $97.3 billion, a new March quarter record. Apple saw growth across its iPhone, Mac, Wearables, and Services product categories, but iPad revenue experienced around a 2% decline compared to the year-ago quarter.

apple lineup except the ipad is sad
"We are very pleased with our record business results for the March quarter, as we set an all-time revenue record for Services and March quarter revenue records for iPhone, Mac, and Wearables, Home and Accessories," said Apple's CFO Luca Maestri.

Apple's CEO Tim Cook told CNBC that its iPad line continued to face "very significant supply constraints" during the March quarter.

The breakdown of Apple's earnings results for the March quarter:

iPhone: $50.5 billion, up from $47.9 billion in the year-ago quarter
iPad: $7.6 billion, down from $7.8 billion in the year-ago quarter
Mac: $10.4 billion, up from $9.1 billion in the year-ago quarter
Wearables, Home, and Accessories: $8.8 billion, up from $7.8 billion in the year-ago quarter
Services: $19.8 billion, up from $16.9 billion in the year-ago quarter

Wearables, Home, and Accessories includes the Apple Watch, Apple TV, HomePod mini, iPod touch, AirPods, Beats headphones, accessories like iPhone cases and Apple Watch bands, and more. Services includes the App Store, Apple Music, Apple Arcade, Apple TV+, Apple Fitness+, iCloud, Apple Pay, AppleCare plans, and more.

Tag: Earnings

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Top Rated Comments

nutmac

53 months ago

Have people been unable to get iPads?

I think the decline in sales (2 quarters in a row) is due to iPadOS. With more and more people working or learning from home, they want more versatility. iPadOS just isn't cutting it when it comes to things like (1) multitasking (windowing), (2) tepid USB-C support (e.g., audio devices, external display limitations), (3) unoptimized home screen experience, and (4) dearth of pro apps.

Score: 31 Votes (Like | Disagree)

Student of Life

53 months ago

Surprise surprise Tim. People want desktops and laptops for getting real work done, not toys

The numbers don't lie, people are speaking with their wallets. Just look at the iPad forum, you have for the most part almost universal displeasure with the operating system and its limitations. Even the Airs come with M1 chips that are found in MBA and iMac but no real advantage is see because of the operating system.

Score: 17 Votes (Like | Disagree)

TracesOfArsenic

53 months ago

iPadOS is a lame duck because Apple clearly want it to be a separate device to a laptop so they gimp it.

Score: 13 Votes (Like | Disagree)

mlody

53 months ago

At peak our household had 4 iPads for the family of 4. We are now down to 1 that is used by our younger daughter who does not have a laptop yet. Like many said, generally speaking iPads are not good for productivity with exception to few niche scenarios and we agree with that.

Score: 11 Votes (Like | Disagree)