Despite continuing supply restrictions and inflation-conscious consumers, Apple today claimed its strongest March quarter ever.
In the second quarter, the corporation generated $97.3 billion in revenue, up 9% over the previous quarter. This translated into a profit of $25 billion, or $1.52 per share.
The iPhone, Mac, and Wearables, Home, and Accessories divisions all hit revenue records in the March quarter. Apple’s various services surpassed 825 million subscribers for the first time. The Mac is still gaining popularity.
Apple CEO Tim Cook told CNBC that the company’s “past seven Mac quarters have now been the best seven quarters ever in the history of the Mac.”
However, iPad sales slowed marginally in the second quarter, compared to the previous quarter. “Very substantial supply constraints,” according to Cook.
Even though Apple noted that the year-ago Q2 saw very strong iPhone demand due to the iPhone 12 series launching a little later in the fall than usual, the increase in iPhone revenue comes despite Apple stating that the year-ago Q2 saw very strong iPhone demand due to the iPhone 12 series launching a bit later in the fall than usual.
The third-generation iPhone SE, green iPhone 13 and iPhone 13 Pro colors, the powerful Mac Studio desktop, and the 5K Studio Display external display were among the new goods announced by Apple during the March quarter.
The company said in January that it expected supply chain issues to ease up in the March quarter.
However, with China enforcing rigorous quarantines to prevent the spread of COVID-19, supply chain concerns may worsen in the coming months.
Apple’s Mac range is now suffering from shipping delays. The projected delivery date for new orders of the freshly announced Mac Studio with the M1 Ultra CPU is now late July.
Customers ordering 14- and 16-inch MacBook Pro configurations today will have to wait until June or later to receive their products.
At its Worldwide Developers Conference (WWDC) in June, Apple will show off the next significant updates to iOS, iPadOS, macOS, watchOS, and tvOS.
The conference will be primarily virtual, as it has been for the last two years, with the exception of a limited group of guests who will be welcomed to Apple’s campus.
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