Apple's Sales Decline Despite High iPhone Demand
Date: 2023-11-03 Author: Dima Zakharov Categories: TECHNOLOGY
The COVID-19 pandemic initially sparked increased interest in Apple's Mac and iPad sales as more people turned to remote work and learning. However, the current report indicates a decline in sales for these products.
Record iPhone Sales:
Despite the overall decline, Apple reported record-breaking iPhone sales for the quarter, contributing to a profit of $23 billion.
Strong Services Revenue:
Apple's services, including iCloud and Apple Music, generated $22.3 billion in revenue, showing a 16% increase compared to the previous year.
Supply Chain Concerns:
Apple expressed concerns regarding potential supply chain issues for the production of the iPhone 15 Pro and Pro Max. Tim Cook, Apple's CEO, stated that the company is working diligently to increase production and aims to strike a balance between supply and demand in the current quarter.
Record iPhone Sales:
Despite the overall decline, Apple reported record-breaking iPhone sales for the quarter, contributing to a profit of $23 billion.
Strong Services Revenue:
Apple's services, including iCloud and Apple Music, generated $22.3 billion in revenue, showing a 16% increase compared to the previous year.
Supply Chain Concerns:
Apple expressed concerns regarding potential supply chain issues for the production of the iPhone 15 Pro and Pro Max. Tim Cook, Apple's CEO, stated that the company is working diligently to increase production and aims to strike a balance between supply and demand in the current quarter.
