As is typically the case, Apple’s earnings for the quarter were anchored by the iPhone. And while Apple stopped releasing sales figures a while ago, we can still glean how briskly the iPhone is selling by looking at overall sales figures. For the quarter gone by, the iPhone accounted for
$65.5 billion in revenue. As a point of comparison, Apple during last year’s holiday quarter saw iPhone-based revenue check in at $71.6 billion. Mac sales also saw a drop in revenue. During the December quarter, Mac revenue checked in at $7.7 billion, compared to $10.8 billion in the same quarter a year-ago.iPad sales were a bright spot for Apple during the holiday quarter. iPad-based revenue came in at $9.3 billion compared to $7.2 billion in the year-ago quarter. Revenue from Apple’s Wearables division, meanwhile, fell from $14.7 billion to $13.4 billion, year over year. And lastly, Services revenue reached a new all-time high of $20.
“We set an all-time revenue record of $20.8 billion in our Services business, and in spite of a difficult macroeconomic environment and significant supply constraints, we grew total company revenue on a constant currency basis,” Apple’s CFO Luca MaestriThe rare earnings miss not surprisingly spooked some investors, with Apple shares trading down nearly 6 points in after-hours trading.During the quarter, Apple’s installed base of active devices reached 2 billion.
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Apple Misses Earnings Expectations, But Sets Revenue Record For Services BusinessApple Services, which encompasses Apple TV+, Apple Music, Apple Arcade and more, came in at $20.8 billion for the three months ended Dec. 31, up from $19.5 billion a year earlier.
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