Despite geopolitical instabilities, Apple managed double-digit growth across all its geographic segments.
Apple posted its “best March quarter ever”, according to outgoing CEO Tim Cook, with revenue of $111.2bn – up 17pc year-on-year. The company managed a 16pc revenue jump in its previous quarter, reporting a $143.8bn “record” revenue.
Despite geopolitical instabilities threatening the company’s supply chain, Apple, this quarter, managed double-digit growth across all its geographic segments. Overall, net sales grew by around 16.6pc, with products and services each showing around 16pc growth.
“iPhone achieved a March quarter revenue record, fuelled by such extraordinary demand for the iPhone 17 lineup,” Cook said. New additions to its product line-up this quarter include the latest in its more affordable iPhone ‘e’ series, the new iPad Air powered by its in-house M4 chips, alongside the new MacBook Neo – which saw an overall positive reception from reviewers.
iPhone sales grew 21.6pc quarter-over-quarter to nearly $57bn, while Mac grew 5.6pc and Apple services, including iCloud, App Store and Apple Pay, grew 16.2pc.
