Tuesday 27 July 2021

Apple reports record earnings in latest quarter with 50% YoY increase in iPhone sales

Apple has just posted its Q3 results and the tech giant has performed marvelously. Apple’s revenue has gone up 36% YoY, totaling $81.41 billion for the quarter. iPhone revenue alone went up almost 50% and accounted for $39.57 billion while services were up 33% with $17.48 billion. Mac and iPad sales increased YoY as well, with Mac making $8.24 billion and iPad making up 7.37 billion. Apple’s infamous “other products” category is where the company groups other the rest of the products, mostly made up to revenue from AirPods and the Apple Watch. This category raked in $8.77 billion,...



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