Apple’s second fiscal quarter earnings are on April 28

By | March 29, 2022

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Apple has announced it will be revealing its earnings for the second quarter of 2022 on April 28, complete with the customary conference call featuring CEO Tim Cook and CFO Luca Maestri.

The investor conference call, which usually occurs shortly after the release of Apple’s financial results, will take place at 2:00 p.m. Pacific, 5 p.m. Eastern. The call, which will be streamed via the investor webpage, will see the executives discuss the results for the three-month period ending in March 2022.

Following after the holiday sales of the first quarter, the second-quarter results are typically lower, incorporating the tail-end of the high-sales period.

While Apple didn’t introduce new products in the early months of the quarter, it did launch new hardware in March. The new additions include the Mac Studio, the Studio Display, the third-generation iPhone SE, and the M1-equipped iPad Air 5.

In the year-ago Q2 2021 quarter, Apple reported revenue of $89.6 billion, which was a 54% year-on-year increase from the previous year.

That included $47.9 billion in revenue from iPhone, $9.1 billion from Mac, and $7.8 billion from iPad. The Wearables, Home, and Accessories business brought in $7.8 billion, and Services continued its regular growth to $16.9 billion.

The second quarter results also follow after a record-breaking Q1 2022, which saw Apple report $123.9 billion in revenue, including $71.6 billion of iPhone revenue.

Since the outset of the pandemic, Apple has declined to provide detailed guidance in its quarterly results. It is unclear exactly what Apple expects to earn in Q2 2022.

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