Home » Technology » Apple Projects Double-Digit iPad Sales Growth and Record Services Revenue in Latest Quarter

Apple Projects Double-Digit iPad Sales Growth and Record Services Revenue in Latest Quarter

In a conversation with analysts, Apple’s Chief Financial Officer, Luca Maestri, said that Apple expects this quarter to record double-digit iPad sales growth. year over year. He said that the services sector would continue to grow at the highest level achieved in the last two quarters.

Meanwhile, Apple reported a net profit of $23.64 billion or USD 1.53 per share, down 2 percent from USD 24.16 billion or USD 1.52 per share in the same period of the previous year.

To CNBCsaid Cook, sales in the second quarter of the fiscal year had a difficult comparison with the period of the previous year, when the company realized a delay in sales of iPhone 14 worth $ 5 billion due to supply problems caused by COVID-19.

Apple said iPhone sales fell nearly 10 percent to $45.96 billion, reflecting weak demand for the current generation of smartphones released in September.

Sales were in line with analysts’ estimates. Cook said that without the increase in sales last year, iPhone revenue would have been flat.

Mac sales rose 4 percent to $7.45 billion, but that figure was still below the peak set for 2022. Cook said sales were driven by new MacBook Air models released by the improved M3 chip in March.

In addition, Apple Watch products and headphone AirPods are also down 10 percent year over year to 7.9 billion USD.

2024-05-09 01:00:33
#Galaxy #S24 #enters #ranks #bestselling #smartphones #iPhone

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.