- Apple set a record by selling $57 billion iPhones in the March quarter.
- The company also recorded strong revenue from iPads and services.
- Strong sales of the iPhone 17 series boosted growth.
- Overall, Apple’s quarterly revenue was $111.18 billion.
iPhone Record Sale: Apple has created a new record in terms of iPhone sales. Between January and March this year, the company has sold iPhones worth $57 billion. This is the highest sales in any quarter ending in March. During this time last year, Apple had made a revenue of about 47 billion dollars, which has increased by about 22 percent this time. This is when the company is lagging behind its competitors in terms of AI. Apart from products, the service division of the company has also earned a lot.
Sales of iPad and services also strong
Like iPhone, iPad sales have also been strong. In the quarter ending March, the company has generated revenue of $6.91 billion, which is 8 percent more than the same period last year. If we talk about services, it is the second largest business segment of the company and it has also generated record revenue. Apple earned approximately $31 billion from the service this quarter, which is 16.3 percent more on an annual basis. Apple’s service units include App Store, Apple Music, Apple TV Plus, Apple Book, Apple Podcast, Apple Pay, Apple Card and Apple Cash etc.
iPhone 17 series gave wings to growth
Apple’s iPhone 17 series has become a superhit and its sales are continuing tremendously since its launch. This series has an important contribution in generating record revenue. Apple’s CFO Kevan Parekh said that the iPhone 17 series is the most popular in the company’s history. He said that launching the iPhone 17 Pro models in a new design has worked. Apart from the Pro models, the base model of this series, iPhone 17 is also doing wonders.
What about the other units?
Even if we talk about wearables, home and accessories units, the company is seeing profits everywhere. This unit has performed beyond expectations and recorded a revenue of $ 7.91 billion. Its total sales last year were $7.52 billion. Overall, Apple generated revenue of $111.18 billion in the quarter ending March, which is 16.6 percent more than last year. At the same time, net income has also increased by 19 percent to 29.58 billion dollars.
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