Apple has made nearly $100 billion so far this year

By | April 29, 2022


Enlarge / Adding the M1 chip to the iPad Air didn’t move the needle much for the iPad lineup’s revenue this quarter. (credit: Samuel Axon)

Apple reported its earnings for Q2 2022 to investors on Thursday. Once again, the company beat analyst expectations and posted massive revenues and profits across most of its product lines. The only category that saw a drop in year-over-year revenue was the iPad.

Q2 2022 largely included the months of January, February, and March 2022. For that period, Apple reported $97.3 billion in revenue, up 9 percent year-over-year, with a profit of $25 billion.

Apple rolls up each product into one of five categories to report revenue to investors. The services category includes iCloud, the App Store, Apple Card, and Apple Music. The Other Products category includes both the Apple Watch and AirPods, as well as a smorgasbord of others that don’t neatly fit in the other devices. The iPhone, Mac, and iPad categories are self-explanatory.

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