Apple Expected to Announce Record-Breaking March Quarter

Apple is set to report financial results for the second quarter of the 2022 fiscal year later today, and Wall Street is expecting record-breaking figures.

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On average, analysts forecast that Apple will set a new March quarter record for the company with revenue of $93.9 billion, according to Yahoo Finance. This revenue growth is expected to come from the iPhone, Mac, Services, and Wearables, while iPad revenue is expected to be relatively flat, according to estimates compiled by Philip Elmer-DeWitt.

Apple's revenue over the last five March quarters:

  • 2022 (Estimated): $93.9 billion
  • 2021: $89.6 billion
  • 2020: $58.3 billion
  • 2019: $58.0 billion
  • 2018: $61.1 billion

Apple's second quarter ran from December 26 through March 26, according to the company's fiscal calendar. During this period, Apple launched its all-new Mac Studio desktop computer and Studio Display, the third-generation iPhone SE, the fifth-generation iPad Air, and new green color options for the iPhone 13 and iPhone 13 Pro.

Apple will report its earnings results at 1:30 p.m. Pacific Time today. Apple's CEO Tim Cook and CFO Luca Maestri will discuss the results on a conference call at 2 p.m. Pacific Time today, and MacRumors will have live coverage of the remarks.

Tags: Earnings, AAPL

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Top Rated Comments

Spock Avatar
28 months ago
I can remember a time when people actually said that Apple was doomed and it was not clickbait, amazing how things have changed.
Score: 10 Votes (Like | Disagree)
coredev Avatar
28 months ago

With all that money they have they can give everyone in the world $125 million each and free phones
I am pretty sure your math is off there.
Also a big difference between revenues, profit, money in the bank, and market cap.
Score: 8 Votes (Like | Disagree)
yabeweb Avatar
28 months ago

With all that money they have they can give everyone in the world $125 million each and free phones

I am pretty sure your math is off there.
Also a big difference between revenues, profit, money in the bank, and market cap.

You had to know I was being sarcastic. Please tell me you knew that
Everyone says that when they sober up and realized what they wrote...

Hey I'll have what you had!
Score: 6 Votes (Like | Disagree)
TheYayAreaLiving ?️ Avatar
28 months ago
Apple is really on its way to hitting 100 Billion dollars just in the revenue. This is insane. Really loss of words right now.
Score: 4 Votes (Like | Disagree)
coredev Avatar
28 months ago

I'm actually surprised.
Selling 7000 Mac units in 1 quarter seems extremely low.
Where do you read this number? It is certainly a mistake or there is a thousands/millions multiplicator somewhere.
Score: 4 Votes (Like | Disagree)
opuscroakus Avatar
28 months ago

On average, analysts forecast that Apple will set a new March quarter record for the company with revenue of $93.9 billion, according to Yahoo Finance ('https://finance.yahoo.com/quote/AAPL/analysis?p=AAPL').
The analysts went on to predict that roughly $34.7 billion of those earnings came from ram and ssd upgrades. ?
Score: 4 Votes (Like | Disagree)