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.
Chart: Cult of Mac
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.
Chart: Cult of Mac
