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iPhone Revenue Soars Despite Pro-Only Launch
3 Nov
Summary
- iPhone revenue surged 17% to $57.58 billion.
- Apple's overall revenue reached $114.5 billion.
- New smart home devices and a touchscreen MacBook Pro launched.
Apple reported a record-breaking fourth quarter, driven by a significant 17% increase in iPhone revenue, which reached $57.58 billion. This growth occurred despite Apple's latest refresh exclusively featuring pricier Pro models, with standard models not being released. The company's overall revenue ballooned to $114.5 billion, marking a 12% increase year-over-year.
The Mac business saw a substantial 24% growth, contributing $10.79 billion, while the services division, including the App Store and subscriptions, generated $31.57 billion. Conversely, iPad revenue experienced a 10% decline, totaling $6.23 billion.
Amidst supply chain constraints and rising memory costs, Apple increased prices across its product lines. The company also unveiled its first folding phone, the iPhone Duo, though its preorder sales are not included in this report, and limited initial availability has extended shipment dates into 2027. Additionally, Apple has expanded into the smart home market and introduced a MacBook Pro with a touchscreen.
