On Thursday, Apple reported a powerful 5 p.c year-over-year progress with a quarterly income of $85.8 billion. The shock performer this quarter was the iPad, which recorded its strongest non-holiday quarter since 2020 with greater than $7 billion in gross sales.
The opposite standout was Apple’s Companies division, which continues to develop each quarter. Companies posted $24.2 billion in income, up barely over final quarter and greater than 10 p.c over final yr. Mac gross sales additionally grew barely over the identical quarter in 2023, topping $7 billion in gross sales. Elsewhere, the iPhone was primarily flat, tallying $39.3 billion in gross sales versus $39.7 billion final yr. And Wearables, House, and Equipment, which incorporates Imaginative and prescient Professional and the Apple Watch, was additionally down barely, from $8.3 billion to $8.1 billion. Right here’s how the quarter broke down:
- iPhone: $39.3B (down 1 p.c)
- iPad: $8.1B (Up 24 p.c)
- Mac: $7B (Up 2 p.c)
- Wearables: $8.1B (Down 2 p.c)
- Companies: $24.2B (Up 14 p.c)
In the course of the quarter, Apple launched a brand new iPad Professional and iPad Air and dropped the worth of the Tenth-gen mannequin. The brand new fashions clearly had an influence on gross sales, with all areas posting progress besides China, which declined about 7 p.c.
Apple will maintain a convention name at 5 p.m. ET to debate the outcomes of the quarter. We’ll replace this text with any attention-grabbing and related data.
