Overview
- Apple, which reported results on July 31, posted $109.4 billion in revenue for the June quarter, a 16% year‑on‑year rise with diluted EPS of $2.02 and a 50.1% gross margin.
- Mac revenue jumped to $10.4 billion, a 29% gain fueled by strong MacBook Neo and MacBook Pro sales and higher uptake from first‑time Mac buyers.
- iPhone net sales totaled $54.2 billion while Apple said advanced‑node system‑on‑chip supply fell short of demand, forcing the company to limit some device shipments.
- India set a June‑quarter revenue record and helped drive Mac growth, even as Apple raised some device prices there in June — including a ₹10,000 increase for the MacBook Neo — and analysts expect further price pressure.
- Apple’s active‑device installed base reached an all‑time high, giving the company pricing and services leverage, but the firm warned that constrained chip supply and higher component costs could make the next quarter tougher and prompt more price adjustments.