Apple Reports Best March Quarter Ever

Even as it deals with continued supply constraints and consumers wary of inflation, Apple today reported the best March quarter in its history. The Verge reports: The company tallied $97.3 billion in revenue in Q2, up 9 percent over the year-ago quarter. That amounted to a profit of $25 billion, with earnings per share of $1.52. Apple set March quarter revenue records for its iPhone, Mac, and Wearables / Home / Accessories divisions. But the second quarter saw a slowdown in iPad sales, which were down slightly year over year. Apple's various services grew to a new high of 825 million subscribers, up 165 million from the total a year ago. The increase in iPhone revenue comes even after Apple noted that the year-ago Q2 saw very strong iPhone demand due to the iPhone 12 series launching a bit later in the fall than normal. New products released by Apple during the March quarter included the third-gen iPhone SE, green colors of the iPhone 13 and iPhone 13 Pro, the powerful Mac Studio desktop, and the 5K Studio Display external monitor.

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