Apple today posted its earnings report for the 2022 holiday quarter
As is typically the case, Apple’s earnings for the quarter were anchored by the iPhone. And while Apple stopped releasing sales figures a while ago, we can still glean how briskly the iPhone is selling by looking at overall sales figures. For the quarter gone by, the iPhone accounted for
$65.5 billion in revenue. As a point of comparison, Apple during last year’s holiday quarter saw iPhone-based revenue check in at $71.6 billion. Mac sales also saw a drop in revenue. During the December quarter, Mac revenue checked in at $7.7 billion, compared to $10.8 billion in the same quarter a year-ago.iPad sales were a bright spot for Apple during the holiday quarter. iPad-based revenue came in at $9.3 billion compared to $7.2 billion in the year-ago quarter. Revenue from Apple’s Wearables division, meanwhile, fell from $14.7 billion to $13.4 billion, year over year. And lastly, Services revenue reached a new all-time high of $20.
“We set an all-time revenue record of $20.8 billion in our Services business, and in spite of a difficult macroeconomic environment and significant supply constraints, we grew total company revenue on a constant currency basis,” Apple’s CFO Luca MaestriThe rare earnings miss not surprisingly spooked some investors, with Apple shares trading down nearly 6 points in after-hours trading.During the quarter, Apple’s installed base of active devices reached 2 billion.
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