Apple has unveiled its quarterly financial results for the period ending on September 30, reporting total revenues of $89.5 billion and profits amounting to $22.9 billion.
Comparatively, the revenue figures have seen a 1% decrease as opposed to the same period in the previous year, while the net income has surged by 10% annually.
The recent generation of iPhones contributed significantly, generating $43.8 billion in net sales, constituting nearly 49% of Cupertino’s overall quarterly revenue. Meanwhile, the services sector, encompassing offerings like Apple Music, TV+, and iCloud, achieved a new record with $22.3 billion in revenue.
A closer look at the broader spectrum of Apple’s product ecosystem reveals declines in net sales for Macs, iPads, and wearables, with Mac computers experiencing a substantial 51% drop in sales.
Apple’s most robust market is still the Americas, raking in $40.1 billion in net sales, closely trailed by Europe with $22.5 billion and China with $15.1 billion.
As Apple looks to the future, it’s concerned about possible supply chain challenges that could potentially disrupt the deliveries of their iPhone 15 Pro and Pro Max flagship models. Nonetheless, Tim Cook, Apple’s CEO, maintains confidence that the company will successfully achieve a balance between supply and demand.
It is also worth mentioning that the iPhone 15 series is still in the very early stages of its cycle and it is going to bring in a lot more sales for the Cupertino giant going forward. The upcoming quarter will more than likely have a much bigger revenue figure for Apple.
Additionally, the new M3 MacBook lineup just came out alongside the 24? iMac. This includes 14? and 16? MacBook Pros, both of which are powered by the M3, M3 Pro, and M3 Max SoCs, and the same goes for the new iMac. Needless to say, the next quarter is looking quite good for Apple.
Source: Pro Pakistani