Friday, 24 March, 2023

Apple blows past investors estimates, hitting record revenue

<p>Apple, despite pandemic uncertainty and supply chain constraints, outperformed past investors&#39; expectations, increasing sales by 11%. Following the late-September release of the iPhone 13 line, the iPhone experienced solid growth. The smartphone&#39;s sales totaled $71.63B, a 9% increase YoY from $65.6B. Given global supply chain bottlenecks and chip shortages, the results are even more impressive. Mac revenue increased by a whopping 25% YoY to $10.85B.</p>