Apple's iPhone, Mac and Services businesses help it to a new quarterly revenue record of US$89.6 billion
Apple has been making money hand-over-fist during the back half of the pandemic with sales of its iPhones and iMacs hitting great heights. The company has just reported its latest quarterly results for the months of January, February and March, and they are once again a set of staggering figures. Across those roughly 90 days, Apple raked in US$89.6 billion in revenue which is up 54 percent year over year.
The bulk of this revenue came from iPhone sales, which counted for roughly half of the total revenue Apple recorded for the period. While the iPhone 12 mini might have posted disappointing sales, the rest of the iPhone 12 range has sold like gangbusters with the combination of a revamped design and 5G cellular connectivity delivering a super-cycle of upgrades as had been hoped.
Apple also sold more Macs than ever before with this side of its business totaling US$9.1 billion in sales. To this end, its new M1-based Macs including the Mac mini, MacBook Air and 13-inch MacBook Pro models helped drive record Mac sales. The other big winner is Apple’s Services business which includes the App Store and its subscription services like Apple Music. This business unit made Apple a whopping US$16.9 billion in revenue.