Apple reported an all-time quarterly revenue record of $123.9bn, up 11% YoY. Below is a breakdown of its revenues across products and services:
- iPhone revenues were at $71.6bn vs. $68.3bn estimated, up 9% YoY
- Services revenues were at $19.5bn vs. $18.6bn estimated, up 24% YoY
- Mac revenues were at $10.85 billion vs. $9.5bn estimated, up 25% YoY
- Wearables, Home & Accessories at $14.7bn vs. $14.6bn, up 13% YoY
- iPad revenues were at $7.25bn vs. $8.18bn estimated, down 14% YoY
Apple’s gross margins rose to 43.8% vs. 41.7% forecasted. Net profits stood at $34.6bn, up 20% YoY. With regard to guidance, CEO Tim Cook said, ““What we expect for the March quarter is solid year-over-year revenue growth… And we expect supply constraints in the March quarter to be less than they were in the December quarter.”
Apple’s dollar bonds were stable with its 2.65% 2050s at 91.73, yielding 3.09%.
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