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Tech company Apple has recorded a third more turnover in the third quarter of its broken fiscal year than in the same period last year. The company has never sold more than $81.4 billion worth of products and services in the period April, May and June. This was partly due to the fact that the company did not suffer much from chip shortages.
Apple had estimated in advance that those deficits would lead to a loss of revenue of 3 to 4 billion dollars. That was less than $3 billion, according to the company. However, sales of iPad tablets and Mac computers could have grown faster than the nearly 12 and more than 16 percent year-on-year that now went into the books.
The iPhone remained by far the most lucrative component for Apple. Smartphone sales rose by half compared to the same period last year. In particular, the iPhone 12 Pro and Pro Max, the two most expensive devices that Apple sells, went well, according to CEO Tim Cook.
The services business, which includes everything from subscriptions to Apple’s music and video streaming services to revenues from payment service Apple Pay and the additional guarantee AppleCare, continued to grow strongly. After the iPhone, this is now by far the company’s second revenue engine. However, that branch is also under fire in many countries where Apple is under investigation by regulators for possible abuse of power in the management of the App Store and keeping the so-called NFC chip in iPhones and Apple Watches closed for non-Apple payment services. All told, Apple posted a profit of $21.7 billion. That is almost double from a year earlier.
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