Published 7 months ago • loading... • Updated 7 months ago

Apple sales rise 5%, topping estimates as iPad and Services revenues jump

Apple reported a 5% increase in sales, topping estimates, with iPad revenue rising 24% to $7.16 billion amid a backdrop of iPhone sales totaling $39.3 billion.
A significant portion of buyers for the Apple Watch and iPad were first-time owners, indicating potential for continued market growth.
Apple's Services segment achieved record revenue of $24.21 billion, rising 14% year-over-year, despite a slight decline in iPhone sales.

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Ars Technica

Apple reports record revenues despite stagnant iPhone sales

CEO Tim Cook spent much of the earnings call hyping Apple Intelligence.

7 months ago·United States

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Financial Times

Apple revenues rise on strong services business and iPad sales

Company bullish on iPhone upgrades from AI products even as it confronts China slowdown and fall in smartphone purchases

7 months ago·London, United Kingdom

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TechCrunch

iPad sales help bail out Apple amid a continued iPhone slide

In spite of a drop for the quarter, iPhone remained Apple’s most important category by a wide margin.

7 months ago·United States

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Zero Hedge

Apple Pumps And Dumps As iPad Sales Help Topline Beat, But China Revenues Tumble

Apple Pumps And Dumps As iPad Sales Help Topline Beat, But China Revenues Tumble With most of the megatechs having already released earnings - with most disappointing and seeing their shares slide - all eyes were on the last Mag7 to report during the heart of earnings season (there is still Nvidia, but due to a calendar quirk that's not for a month) which is also the company which recently regained (from Microsoft) the title of the world's most …

7 months ago·United States

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Nikkei

Apple sets new June quarter revenue record but China woes continue

PALO ALTO, California -- Apple reported a new revenue record for the April-June quarter on Thursday. But declining sales in China continued as the iPh

7 months ago·Japan

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Variety

Apple Services Quarterly Revenue Hits New Record, Growing 14% to $24.2 Billion

Apple’s Services segment provided a lift to the tech giant’s overall June 2024 quarterly earnings, amid a slight drop-off in iPhone sales. The company’s Services division, which includes Apple TV+, Apple Music, the App Store and other services, posted a new quarterly revenue record of $24.21 billion, an increase of 14.1%. Sales of the company’s […]

7 months ago·Los Angeles, United States

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