Apple has made almost $100 billion thus far this 12 months

Adding the M1 chip to the iPad Air didn't move the needle much for the iPad lineup's revenue this quarter.

Enlarge / Including the M1 chip to the iPad Air did not transfer the needle a lot for the iPad lineup’s income this quarter. (credit score: Samuel Axon)

Apple reported its earnings for Q2 2022 to buyers on Thursday. As soon as once more, the corporate beat analyst expectations and posted large revenues and earnings throughout most of its product traces. The one class that noticed a drop in year-over-year income was the iPad.

Q2 2022 largely included the months of January, February, and March 2022. For that interval, Apple reported $97.three billion in income, up 9 p.c year-over-year, with a revenue of $25 billion.

Apple rolls up every product into considered one of 5 classes to report income to buyers. The companies class consists of iCloud, the App Retailer, Apple Card, and Apple Music. The Different Merchandise class consists of each the Apple Watch and AirPods, in addition to a smorgasbord of others that do not neatly match within the different gadgets. The iPhone, Mac, and iPad classes are self-explanatory.

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