Apple Reports Record Revenue Amid Supply Chain Challenges
Apple Inc.'s Q3 earnings call highlighted broad-based strength across hardware and services despite visible macro and cost headwinds. The company delivered a record June-quarter revenue of $109.4 billion, rising 16% year over year despite FX and supply-chain challenges.
iPhone revenue climbed 22% to $54.3 billion, marking a June-quarter record and signaling continued upgrade momentum. Management cited share gains tracked by IDC and noted a record number of upgraders, suggesting the latest lineup is resonating across both new and existing users.
Mac revenue surged 29% to $10.4 billion, the best June quarter ever, powered by MacBook Pro and the new MacBook Neo. Apple pointed to global market-share gains and all-time records for upgraders and first-time Mac buyers, reinforcing the PC segment as a renewed growth driver.
Services revenue hit $30.7 billion, up 12% year over year and a June-quarter record, with cloud and payment services setting all-time highs. Paid subscriptions passed 1.5 billion, showcasing the rising monetization of Apple's installed base even as growth moderates slightly.