The question on whether the iPhone 15 is off to a strong start has been answered. Apple just revealed that iOS handsets brought in more revenue in its most recent financial quarter than ever before.
“Today Apple is pleased to report a September quarter revenue record for iPhone and an all-time revenue record in Services,” said Tim Cook, Apple’s CEO.
Post-pandemic slowdown hits Apple
The company beat analysts expectations. It brought in $1.46 per share while Wall Street had expected $1.39 per share. And quarterly revenue was $89.50 billion, above the predicted revenue of $89.28 billion.
But the news coming out of Cupertino isn’t all good. Apple revenue has now declined four straight quarters when compared to the same quarters of 2022.
Mac weighs on the total — its revenue has also declined four quarters in a row. In the July-through-September period, it hit $7.6 billion. That’s down 34% year-over-year, but the same quarter for 2023 was unusually good.