![]() Apple's services also contributed to its overall revenue, with products like TV+ and Fitness+ raking in a total of $19.5 billion - an increase of 24 percent from last year. ![]() "Wearables, Home and Accessories" - which includes Apple Watch, AirPods and HomePods - added another record-breaking $14.7 billion to the revenue sheet. Chief financial officer Luca Maestri said on the company's earnings call that the last six quarters were "the best six quarters ever for Mac," and that M1-powered devices made up the vast majority of sales thanks to a "record number of upgraders." Driven by the transition to its own M1 silicon chips, Mac revenues were up more than $2 billion compared to the year prior, hitting a record $10.9 billion. Last quarter, too, it made all kinds of money selling Macs, even without the release of new Macbooks.Īpple's revenue from iPhones ($71.6 billion) this year, despite global supply constraints, is a notable jump from last year ($65.6 billion). ![]() This time last year, the company reported a revenue of $111 billion, which itself was a new record at the time. Not only did quarterly revenue hit an all-time high of $123.9 billion, Apple also brought in more money selling iPhones, Macs and wearables than ever before. It also reported a net income of $34.63 billion, with gross margins increasing to approximately 43.8 percent. The company just dropped its earnings repor t for Q1, 2022 (which for Apple ended December 25, 2021), and it broke revenue records across the board.
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