Apple reported strong earnings for the three months ending June 30 and Tuesday, July 27, and each of Apple’s major product lines grew more than 12% year-over-year.<\/p>\n\n\n\n
Apple sales are up 36% from the June quarter of last year, and iPhone sales are up nearly 50% year over year.<\/p>\n\n\n\n
Earnings per share were $1.30 versus $1.01 expected, while revenue was $81.41 billion versus $73.30 billion expected, up 36% year-on-year.<\/p>\n\n\n\n
iPhone revenue was $39.57 billion versus an estimated $34.01 billion, up 49.78% year-over-year.<\/p>\n\n\n\n
Services revenue came in at $17.48 billion versus an estimated $16.33 billion, up 33% year-on-year, while other product revenue was $8.76 billion versus an estimated $7.80 billion, up 40% year-on-year.<\/p>\n\n\n\n
Mac revenue was $8.24 billion versus $8.07 billion estimated, up 16% year-over-year, and iPad revenue was $7.37 billion versus $7.15 billion estimated, up 12% year-over-year.<\/p>\n\n\n\n
Apple also had a strong quarter in the Greater China region, which includes Taiwan and Hong Kong as well as the mainland \u2014 Apple reported $14.76 billion in sales in the region, up 58% from the same quarter last year, although it was an easy comparison. Given that China was in lockdown phases this quarter.<\/p>\n\n\n\n
Americas sales rose nearly 33% year-over-year to $39.57 billion.<\/p>\n\n\n\n
Apple’s June quarter was usually its slowest of the year, but the company benefited from work-at-home and remote education trends that boosted sales of premium PCs.<\/p>\n\n\n\n
CEO Tim Cook stated that the success was not only because people upgraded their old iPhones, but also because Android customers bought their first iPhone.<\/p>\n\n\n\n
The quarter for Apple could have been better if it hadn’t dealt with a supply shortage likely linked to a global chip shortage, which has mostly affected Mac and iPad sales.<\/p>\n","protected":false},"excerpt":{"rendered":"
Apple reported strong earnings for the three months ending June 30 and Tuesday, July 27, and each of Apple’s major product lines grew more than 12% year-over-year. Apple sales are up 36% from the June quarter of last year, and iPhone sales are up nearly 50% year over year. Earnings per share were $1.30 versus …<\/p>\n","protected":false},"author":9,"featured_media":40661,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[36],"tags":[63,7304],"class_list":["post-48816","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-market-updates","tag-apple","tag-revenue"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/48816","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=48816"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/48816\/revisions"}],"predecessor-version":[{"id":48817,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/48816\/revisions\/48817"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/40661"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=48816"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=48816"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=48816"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}