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Record iPhone sales save Apple's first quarter

Apple reported its fiscal quarter results, which beat analysts’ expectations. Cupertino took in $8 billion in revenue between January and March 2022, down 3% from a year ago 94.2000000000.

The company posted record iPhone sales and an all-time record for services in the first three months of the year, including the App Store, Apple Music, Apple Pay and iCloud.

Apple reaches record-breaking iPhone sales despite overall decline in revenue

The YoY decrease was mainly due to the poor sales performance of Mac and iPad. Fortunately, Apple’s iPhone revenue is 51$300 million, up 2% year-over-year and doubling annually in some developed and emerging markets markets such as India, Indonesia and Turkey. Ten thousand is more than 975. The report also shows that there are currently more than 2 billion active devices installed.

Tim Cook clarified that the company will continue to invest in the long term, including 2030 carbon neutral products and supply chains. ” Apple paid $ out of $23 billion). $6 billion in operating cash flow to shareholders and increased quarterly dividend for eleventh consecutive year, CEO added.




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