![]() It was Apple’s first full quarter with its newest iPhone. The iPhone, in contrast, still remained king with the biggest chunk of revenue, $47.9 billion, up 65%, boosted by sales of Apple’s new 5G iPhone 12. Apple said the Mac had total revenue of $9.0 billion, up 70%, while the iPad came in at $7.8 billion, up 79%. The iPad was hugely popular among students who are still stuck in remote-learnings classes.īoth the Mac and the iPad saw growth rates that have been unprecedented in recent years. In a bit of a surprise, Apple’s computing hardware sales grew at rates slightly faster than the iPhone, Apple’s biggest-selling product, as more people continued to purchase or upgrade computers to work from home. “We are extremely pleased to report record results for our March quarter despite continued uncertainty in the macro environment,” Apple Chief Executive Tim Cook told analysts on the company’s conference call. Dan Ives, an analyst with Wedbush Securities, called it a “drop the mic” quarter for the company. Apple reported quarterly revenue of $89.6 billion, while analysts had been expecting $77.1 billion. Apple reported fiscal second-quarter results that soared past expectations, with revenue coming in a whopping $12.5 billion above Wall Street’s estimates.
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