The inflation crisis experienced all over the world continues to affect the sales of technology companies. apple seems to have had its share of this crisis in the last three months. According to the report iPhone Revenues of other hardware, excluding the previous quarter, remained below the previous quarter. In addition, the company’s net profit fell.
Services and iPhone save Apple revenues
appleannounced its financial report for the third quarter of the year. Accordingly, it has earned $83 billion in revenue in the last three months and net quarterly profit of $19.4 billion it was around. But the company generated record revenue from its services and iPhone sales.
Including services such as App Store, Apple TV+, Apple Music service income $19.6 billion it was around. It also announced that it has reached 860 million paid subscriptions across its service platforms. This figure, which was 825 million in the previous quarter, indicates an increase of approximately 35 million users.
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iPhone and Services revenue hit a record last quarter, while Mac, iPad and Wearables, Home and Accessories revenue fell. iPhone revenue, which was $39.5 billion in the previous quarter, has increased in the last three months. $40.6 billion rose.
iPad from $7.3 billion to $7.2 billion, and Match decreased from $8.2 billion to $7.3 billion. Wearables, Home & Accessories category earned $8.0 billion compared to the previous quarter’s revenue of $8.7 billion.
Apple CFO Luca Maestri said in a statement. 43.3 percent of gross profit margin reported that. “Record results this quarter demonstrate Apple’s continued efforts to innovate, unlock new possibilities and enrich our customers’ lives,” said Tim Cook, Apple’s CEO.
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