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

Popular Stories

iPhone Users Who Pay for iCloud Storage Get Two New Perks on iOS 27

Thursday July 2, 2026 6:10 am PDT by Joe Rossignol

If you pay for certain iCloud+ storage plans beyond the 5GB that Apple offers for free, you will receive two more perks on iOS 27 at no additional cost. A summary of the two new iCloud+ perks on iOS 27:Increased daily usage limits for some new Apple Intelligence features, including image generation in the revamped Image Playground app. HomeKit Secure Video cameras receive generated video...

• 51 comments

Apple Just Released a New Product

Thursday July 2, 2026 8:04 am PDT by Joe Rossignol

Apple's first product release of summer 2026 occurred this week, but do not get too excited, as it is merely the Beats Solo Buds in a new color. Beats Solo Buds are now offered in orange through Best Buy in the U.S., with availability set to expand to 7-Eleven stores in Japan on July 4. Apple already offered orange Solo Buds in India for free with the purchase of an iPhone 15 or iPhone 15 ...

Apple Facing One of Its Worst Leaks Since the iPhone 4

Thursday July 2, 2026 9:53 am PDT by Joe Rossignol

Apple supplier Tata Electronics recently suffered a cyberattack that resulted in thousands of confidential files being published on the dark web, and this reportedly included some photos and documents related to the upcoming iPhone 18 Pro. We have elected not to share any of the leaked photos in this story due to the illegal nature in which they were obtained, but they can easily be found...

Top Rated Comments

nutmac

55 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

55 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

55 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

55 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)