Apple announced a significant increase in its quarterly revenue, marking the largest jump in nearly four years, surpassing analyst expectations.
Record Financial Performance
The company reported revenue of $94.04 billion for the three-month period ending June 28, a 10% increase from the same quarter last year. Analysts had expected $89.53 billion.
Success of iPhone and Mac
The iPhone generated $44.58 billion in revenue, a 13% increase from the previous year, significantly exceeding the $40.22 billion forecast. Mac revenue reached $8.05 billion, up nearly 15% year-over-year and surpassing the $7.26 billion expectation.
Challenges for iPad and Other Products
However, the iPad business reported an 8% decline to $6.58 billion, and the 'Other Products' segment dropped 8.64% to $7.4 billion. Despite these setbacks, overall results remained strong, driven by growth in the iPhone and Mac segments.
Apple's impressive financial results for the quarter highlighted a robust demand for its products, even as some segments faced challenges.
