Beijing time on April 29th, Apple today released its financial results for the second quarter of fiscal 2022, which ended on March 26th. According to the financial report, Apple’s revenue in the second fiscal quarter was US$97.3 billion, an increase of 8.6% year-on-year, which was better than the US$94 billion expected by analysts; net profit was US$25 billion, an increase of 6% from US$23.6 billion in the same period last year. $1.52 per share, better than analysts’ expectations of $1.42.
Apple’s second-quarter iPhone revenue was $50.570 billion, up 5% from $47.938 billion in the same period last year;Greater China revenue was US$18.343 billion, an increase of 3% from US$17.728 billion in the same period last year.
Apple also announced that its board of directors has approved an increase of $90 billion to its existing stock repurchase program, maintaining the pace of spending the most on repurchasing its own stock among public companies. Apple spent $88.3 billion on buybacks in 2021, according to S&P Dow Jones Indices. Apple also paid shareholders a cash dividend of $0.23 per share, up 5% year over year.
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