Apple shared its earnings report for Q1, 2024 – the quarter ending on December 30, 2023, and it confirmed revenues of $119.6 billion and $33.9 billion in income. Revenues are up by 2% whereas income grew by 13% on a yearly foundation.

The iPhone remained Apple’s largest income contributor at $69.7 billion whereas Apple’s companies which embrace the likes of Apple Music, TV+, iCloud and the App Retailer reached a brand new all-time excessive of $23.1 billion in income.

Wearables, residence and equipment chimed in with $11.9 billion, Mac income remained strong at $7.8 billion whereas iPad dropped to simply $7 billion from $9.4 billion a 12 months in the past – a 25% year-over-year dip. Cupertino didn’t announce any new iPads in 2023 which is the doubtless issue for the massive droop.

Apple Inc consolidated monetary assertion for Q1, 2024

The Americas have been Apple’s strongest market with $50.4 billion in internet gross sales, adopted by Europe ($30.4 billion) and China ($20.8 billion). Apple was proud to announce that it now boasts a consumer base of two.2 billion lively gadgets worldwide. CEO Tim Cook dinner talked about Apple’s dedication to groundbreaking innovation on the eve of the Apple Imaginative and prescient Professional launch within the US.

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