Services shine in Apple’s record March quarter

Apple is Informed Its best financial figures for the March quarter, racking in a giant in $ 97.3 billion for a period of three months ending March 26. It marks a 9% increase in the same period a year ago.

Net quarterly gains came in $ 25 billion, which was above $ 23.6 billion in the quarter of the year ago.

Increasing investment in Apple's services – including products such as app store, Apple TV+, Apple Fitness+, Apple News+, and Arcade – and soon the iPhone – is clearly paying, in which memberships are reaching 385 million globally – 40 million in the previous quarter and 165 million in the previous quarter. Revenue for services reached a record $ 19.8 billion, reflecting a 17% increase a year ago.

But, as usual, it was Apple's iPhone that actually took the company to its records quarter, in which the iPhone 13 and other models earned $ 50.6 billion to the business, up to 5.5% a year ago.

Apple's new M1 MACS has also continued to perform well, the revenue has reached $ 10.4 billion, marking 14.7% increase in the same period a year ago.

However, iPad revenue fell by 1.9%, which earned Apple $ 7.7 billion for the quarter.

In response to the overall impressive results, Apple CEO Tim Cook said that he was “happy to see the strong customer response to our new products, as well as we are progressing to become our supply chain and carbon neutral in our products by 2030.”

Looking forward, Cook accepted, in a call with investors, lack of supply affecting Apple and comprehensive technical industry, revealing that silicon deficiency and continuing cocon-related disruption in some parts of China can be reduced between $ 4 billion and $ 8 billion in the current quarter.

On a positive note for the tech veteran, Cook said that his assembly plants in the Shanghai region recently resumed, after the closure of a government, which in several weeks walked into a dialect to curb a Kovid outbreak in several weeks.






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