Apple set an iPhone sales record even without a new standard iPhone
Apple had a record-breaking quarter for iPhone sales - despite not releasing a standard model during its latest refresh. In its fourth-quarter earnings report released on Monday, Apple says it earned $57.58 billion in iPhone revenue, marking a 17 percent jump from the same time last year. The increase in revenue follows the launch of […]
Apple recorded a record-breaking quarter for iPhone sales in its latest financial report, despite not launching a new standard model during the refresh. The company's iPhone revenue jumped by 17 percent, reaching $57.58 billion, a significant increase from the same period last year. This growth was driven by the launch of the iPhone 18 lineup, which featured pricier Pro and Pro Max models, as well as a price hike on older devices.
Apple also introduced its first folding phone, the iPhone Duo, but its preorder sales were not included in the earnings report. Supply chain constraints and rising memory costs led to price increases across Apple's product range. Overall, Apple's revenue increased by 12 percent to $114.5 billion, with a 24 percent growth in the Mac business and a $31.57 billion boost from its services division.
While iPad sales declined 10 percent year-over-year, Apple expanded its product lineup with smart home devices and a touchscreen MacBook Pro.
Written by urgent.news from The Verge's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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