Connect with us

Tech

Apple hits record revenue as iPhone sales defy supply chain shortages – TechCrunch

 


After ditching guidance at the beginning of the pandemic, Apple had plenty of reason to smile as it reported its single-largest quarterly revenue. Even in the face of pandemic uncertainty and supply chain constraints, the hardware giant blew past investor estimates, racking up an 11% growth in sales.

Things were rosy overall on the hardware front — save for iPad revenue, which failed to meet expectations and dropped 14% year-over-year. The iPhone experienced solid growth, following the late-September release of the iPhone 13 line. Sales hit $ 71.63 billion for the smartphone, a 9% yoy increase from $ 65.6 billion.

The results are made all the more remarkable given global supply chain bottlenecks and chip shortages. Tim Cook mentioned on an earnings call that the company expects supply chain issues to continue to ease.

Instead, the CEO simply noted, This quarters record results were made possible by our most innovative lineup of products and services ever. We are gratified to see the response from customers around the world at a time when staying connected has never been more important. He went on to discuss Apples ongoing work to become carbon neutral.

The news confirms what weve known for a while. Apples blockbuster smartphone quarter comes in large part thanks to its recent successes in China. Figures from Counterpoint Research put the company at the top of the market share list for the worlds largest smartphone market — no small feat, given the prevalence and popularity of companies like vivo, Oppo, Honor and Xiaomi, which took numbers two through five, respectively.

Huawei, meanwhile, continued to struggle even in its home country as sanctions block access to vital technologies. The news marks the first quarter in six years that the company has topped the chart in China.

Earlier this month, Canalys noted that Apple also rocketed to the No. 1 spot globally, as other manufacturers have continued to struggle with supply chain bottlenecks and chip shortage. The company saw a sizable increase over the previous quarter, which found it struggling to meet demand in certain markets.

While it remains true the supply chain constraints likely continue to present difficulty meeting demands in some markets, these have tended to disproportionately impact smaller manufacturers with less leverage among suppliers.

As mentioned, while the iPad fell short of the mark, Mac revenue jumped an impressive 25% from last year, hitting $ 10.85 billion, largely on the strength of refreshed M1 models, including the most meaningful updates to the iMac and MacBook Pro in years. Wearables, Home and Accessories, which includes the Apple Watch and AirPods, among others, grew to $ 14.7 billion, while Services hit $ 19.52 billion for the quarter.

Sources

1/ https://Google.com/

2/ https://techcrunch.com/2022/01/27/apple-hits-record-revenue-as-iphone-sales-defy-supply-chain-shortages/

The mention sources can contact us to remove/changing this article

What Are The Main Benefits Of Comparing Car Insurance Quotes Online

LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos

ExBUlletin

to request, modification Contact us at Here or [email protected]