Apple achieves a record increase in profits this year for this reason!

Apple
Tamsin Rodriguez29 April 2022Last Update : 3 months ago
Apple achieves a record increase in profits this year for this reason!

Apple today announced its financial results for the second quarter of the fiscal year 2022 ending on March 26, 2022, as the company revealed its revenues for the first quarter in addition to the revenue difference compared to previous years.

Apple earnings details

registered Apple company In the first quarter, revenue was $97.3 billion, up 9 percent year-over-year, and quarterly earnings per share of $1.52.

“The record results for this quarter are testament to Apple’s relentless focus on innovation and our ability to create the best products and services in the world,” said Apple CEO Tim Cook.

He added: “We are pleased to see the strong customer response to our new products, as well as the progress we are making to become carbon neutral across the supply chain and our products by 2030. As always, we are committed to making a contribution to the environment both in what we make and what we leave behind.”

Apple achieves a record increase in profits this year for this reason!

“We are very pleased with our record business results for the first quarter, where we delivered record revenue for iPhone, Mac and wearable devices,” he said.

The company’s chief financial officer also said: “Continued strong customer demand for our products has helped us achieve an all-time high of our active hardware base, with our strong operating performance generating more than $28 billion in operating cash flow and allowing us to bring back nearly $27 billion back into the business. our shareholders during the first quarter.

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Apple’s Board of Directors announced a cash dividend of $0.23 per share of the company’s common stock, an increase of 5 percent. $90 billion in an existing stock buyback program.

Apple achieves a record increase in profits this year for this reason!

In your opinion, will Apple outperform Samsung in profits at the end of the year? Share with us in the comments.

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