Strong iPhone sales aren't enough to offset a big downturn in Mac shipments
Apple had its second"bad" quarter in a row. Bad, of course, is a relative term —, but Apple is still making a positively massive amount of money. Specifically, the iPhone and Services categories, both of which have been Apple's biggest money-makers for years now, saw revenue gains year-over-year. But this wasn't enough to offset declines everywhere else: the Mac, iPad, and Wearables / Home / Accessories divisions all shrank compared to this time a year ago.
The strong iPhone sales marked a record the March-ending quarter, despite the fact that the iPhone 14 and 14 Pro arrived last September. And Apple's services business, which has been growing steadily over the past five years to surpass all other products the company offers hit another record with $20.9 billion in revenue .
Mac sales plummeted from $10.4 billion a year ago to only $7.2 billion this quarter past, down 31 percent overall. That's less than IDC predicted a month ago when it, but the general forecast of hugely diminished interest still rings true. iPad sales weren't hit as hard but still dropped 13 percent to $6.7 billion for the quarter despite major updates to the product lineup last fall.
Apple CEO Tim Cook is kicking off the usual call with investors at 5PM ET, and we'll update this story with anything we learn. All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission. All prices are correct at the time of publishing.
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