Apple has reported its best financial figures for the March quarter, raking in a whopping $97.3 billion for the three-month period ended March 26, marking a 9% increase over the same period a year ago.
Net quarter profit stood at $25 billion, up from $23.6 billion in the year-ago quarter.
Apple’s growing investment in services – which includes products such as the App Store, Apple TV+, Apple Fitness+, Apple News+ and Arcade, and may soon include the iPhone – is clearly paying off, with 385 globally With subscriptions up to a million, up 40 million compared to last quarter and 165 million compared to a year ago. Revenue for services reached a record $19.8 billion, a 17% increase from a year ago.
But as always, it was Apple’s iPhone that really propelled the company into its record quarter, with the iPhone 13 and other models clocking in at $50.6 billion, a 5.5% increase from a year ago.
Apple’s new M1 Macs continue to perform well, with revenue reaching $10.4 billion, an increase of 14.7% compared to the same period a year ago.
However, iPad revenue declined 1.9%, earning Apple $7.7 billion for the quarter.
Responding to the impressive overall results, Apple CEO Tim Cook said he is seeing “strong customer response to our new products as well as the progress we are making to become carbon neutral in our supply chain and our products by 2030.” Glad to see.”
Looking ahead, Cook acknowledged in a call with investors that ongoing supply constraints affecting Apple and the broader tech industry revealed continued silicon shortages and COVID-related disruptions in parts of China. That could reduce Apple’s revenue to between $4 billion and $8 billion in the current quarter. Arab.
On a positive note for the tech giant, Cook said that its assembly plants in the Shanghai area had recently resumed following a government-imposed shutdown to contain a COVID outbreak there. Lasted for several weeks.