Apple revenue jumps 9% to $97.3 bn driven by robust iPhone sales
Apple revenue rose 9 percent to $97.3 billion with a profit of $25 billion for its fiscal 2022 second quarter ended March 26, 2022. Apple has generated first-quarter revenue of $50.570 billion (+5.5 percent) from iPhone, $10.435 billion (+14.7 percent) from Mac, $7.646 billion (–2 percent) from iPad, $8.806 billion (+12 percent) from Wearables, Home and Accessories and $19.821 billion (+17 percent) from Services. apple iphone sales
Apple has generated first-quarter revenue of $40.882 billion from the Americas, $23.287 billion from Europe, $18.343 billion from China, $7.724 billion from Japan and $7.042 billion from the Rest of Asia Pacific including India.
“This quarter’s record results are a testament to Apple’s relentless focus on innovation and our ability to create the best products and services in the world,” said Tim Cook, Apple’s CEO. “We are delighted to see the strong customer response to our new products, as well as the progress we’re making to become carbon neutral across our supply chain and our products by 2030. We are committed, as ever, to being a force for good in the world — both in what we create and what we leave behind.”
The Silicon Valley-based iPhone maker, which is the world’s largest company by market capitalization, is aiming to maintain high demand for the iPhone and other hardware while growing sales from services, including music and video subscriptions.
Apple said it now has 825 million paying subscribers across its at least seven subscription offerings, up by 40 million from 785 million last quarter. Its growth comes as rivals such as Netflix report subscriber losses.
Apple workers in Atlanta become company’s 1st retail workers to file to unionize apple iphone sales
An Apple retail store in Atlanta has filed for a union election with the National Labor Relations Board (NLRB). The workers at the Cumberland Mall store, which includes salespeople, technicians, creatives, and operations specialists, would be represented by the Communications Workers of America (CWA). More than 70 percent of the group of about 100 eligible workers signed the union authorization cards, according to a news release — the minimum required is 30 percent.
If a majority of the workers vote to unionize, the store would be the first unionized Apple store in the US. Their petition now goes for formal review by the NLRB.
Unionization movements have picked up steam at other large companies, such as Amazon and Starbucks.
Earlier this month, Amazon workers at a warehouse in Staten Island, New York, became the first group of Amazon employees to unionize. The historic vote was 2,654 for the union to 2,131 against.
